just remember Cr2O3 was going for around 20 cents a pound in...

just remember Cr2O3 was going for around 20 cents a pound in 2003 now about 10 times that and they seem to have done their budgets on current price, if chromite price drops 30% then this project is stuffed if you look at the last presentation it will confirm that
Also no mining expertise in managment or board. Todd Lessand wasnt in mineing for Iluka only processing.
most of these mineral sand projects that have failed lacked mineing expertise MAL ,AZC (yesterday)
THis project is more complex than most mineral sand projects to as trying to extract a number of different minerals from Ilmentite to garnet to zircon to chromite.
But good luck they have a good location and the ore is of high grade in chromite even compared with the bush veld.
Be interested to know the strip ratio