LMG 6.98% 4.6¢ latrobe magnesium limited

Dear Ken,I am new to this. At today's closing price of 0.07 DP...

  1. 28 Posts.
    Dear Ken,
    I am new to this.
    At today's closing price of 0.07 DP saying the SP will be x4 when the 10,000 plant gets going is becoming a bit dodgy. BTW x4 of nothing is ..........
    I ask the question of the demo plant. As I see it, the plant is a laboratory exercise being built into a process plant. If it produced 1,000t the input (fly ash) will need to be a large amount (not privy to the stoichiometry), acid dissolved (and recycled), furnaced and vacuum extracted. Simple? lets see..
    Not mentioned is the HR input. If the plant is high tech where will LMG gets its technical staff. It is unlikely the CES in Latrobe can provide this!! Bechtel??
    I therefore fear the demo plant may not be running this year. What does DP think?????
    Mg2+

 
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