Rick,
My understanding is that while we produce MgO the cementious material will be embedded within the MgO. It is not separated
Step 3, is where the Cementious Material(SCM) is separated - when we produce ingots. Ingot production is where we will get financial returns where we hope that the revenue will cover cost of production.
While we produce MgO, we need to pump in some cash to keep operating because revenue for MgO composites will be lower. It would be good to hear how we are going with recruitment to set up those 3 shifts to operate the plant.
Hopefully, now that they have cash from the capital raise, they can finish the reduction roaster to produce ingots.
24hr MgO production and Ingot production, is where I expect to see rerates on the share price. Until then I think we will see a downward grind.
I'd also like to know if they have decided on a location for stage 2 given that they decided to not build it on current site.
Rick,My understanding is that while we produce MgO the...
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