It's a head scratcher HK.
Guess it becomes a question of how much do the magnets, the additional hydrocyclones etc cost and how much will the new bag processing method vs gross margin received on that product affect the all in sustaining costs and revenues received.
This is from another stock I hold, I can't imagine the differences being too large? From memory they were $3m? @Scarpa is pretty well endowed in this department - do you have an opinion on how much the magnets cost?
This is their flowsheet for phase 1
You can see the magnet in the bottom left quarter.
This is the industry benchmark for the high intensity magnets
https://mineraltechnologies.com/images/stories/virtuemart/product/MT-DS-005.pdf
This is another one that is used in Kaolin manufacturing
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