They havedeveloped a unique, proprietary Process, with Which they can potentially produce some Formsof High(er) Purity Magnesium.Out of Brinesand Bittern, where is “nearly endless” supply, partly “just the Waste” fromSalt Manufacturing Operations. So rather very low Risk regarding Raw/UnputMaterials.
MostCompounds sourced from Magnesite are in the Range 85-95% Purity, but they are>99%.
Whichpotentially open Them the Door to Any High(er) Value Applications, and also inthe High Margin Business.
The Base(Magnesia) Product sells for $1.250/Ton, whereas Compounds in Higher ValueApplications can command $3.000-10.000/Tonne.
Later onthere’s may the Opportunity to diversify the End Products further, and to expandfurther “vertically”/Downstream. This Expansion would probably increase Profitability even further.
If should play out as targeted First commercial-Scale Plant, near PortDampier, is expected to produce 80.000 tonnes Hydrated Magnesium Carbonate(HMC)the Year, starting 2022.
I’m “basically” very, very interested in High Margin Business (for aBunch of Different Reasons), and here Pitt Street calculates with an EBIDTAMarge of >50, 55%!!!
Flowsheet, for producing HMC (the “very Simple” Product):
This is What First proposed Plant looks like:
As What I remember they “actually” had planned their IPO, already, for2019, or even 2018, but not happening so far. No Guarantee, but I guess it willcome at SOME Point, sooner OR later.
Some Sources:
http://ecomagnesium.com/wp-content/uploads/2019/07/25-July-2019-EcoMag-Report-from-Pitt-Street-Research.pdf
http://ecomagnesium.com/
http://ecomagnesium.com/the-company/the-technology/
http://ecomagnesium.com/2019/11/25/industrial-symbiosis-ecomag-teams-up-with-kalium/
http://ecomagnesium.com/products-2/
http://ecomagnesium.com/news/
http://www.youtube.com/results?search_query=EcoMag
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