When WAK produces 400,000 tonnes a year, it expects to employ 60 people. EICL in India produces 300,000 tonnes a year, and employs a thousand people. In 1992 Georgia, USA, produced 7.6 million tons (about 6.9 million tonnes a year) of kaolin and employed 4,400 people. Obviously, there is much more to these comparison that would reduce this productivity gap, but WAK being a new business with more modern technology is likely to retain its productivity edge expressed as net profit before tax relative to revenue. IMO.
I was actually looking for information on transport volumes, but I did not find anything novel.
WAK Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
