From memory, we make well over $1k/ton profit on spherodised...

From memory, we make well over $1k/ton profit on spherodised flake.... even if we started with a small 120ktpa plant, that's $120m p.a. Remember, any profits with Nachu are tax free for 10 years because of the Special Economic Zone we were granted.

Frank has always wanted to go straight for the 240ktpa plant, although talking to Rod Chitterdon at the last AGM, they have explored the smaller start options.... however, securing battery raw materials has taken centre stage since then, so I imagine the full BFS 240ktpa plant is back in focus. I have no doubt offtakes and finance are being worked on in the background - Peter and Rod are motivated guys with deep connections. I expect Nachu news any day now.

Is no other way to describe Nachu...