general chat/ thoughts, page-2807

thanks for the post. Couple of comments

competition doesn't exist in the CSG space. Direct extraction and tailings is a little more competitive though, so I'm interested to see how that progresses

the products produced are industrial standard and are predictably priced, particularly where importing is typically required as it is with caustic.

The portion expected to be encapsulated is as low as 1.8% (if memory serves me right) of the 6 million tonnes of salt. Negligible, and ZLD isn't off the table (I don't have my hopes up though).

Variability should not be required to be built in as the BAU is a fairly fixed cost and the payments from operators to QBS will be tethered to this. Sale of products, whilst predictable in value, are cream on top for QBS.

I think this will inevitably be a JV with a player like Veolia. Not PWN, but QBS as a subsidiary. Bahay has hinted that the strategic partner have experience in the realm.