Wow, congratulations on finding a few holes that had over 50% halloysite from 5 different deposits locations. This is out of how many drill holes exactly?? A fraction??
They do not show any qualitative results. How was halloysite % calculated?? Using CSIRO ? Why don't they describe the method and if they use XRD, why not show the scans to prove the results? They are counting how many tubes show up in a SEM image. Not gonna cut it in real world.
Lastly, the incredible variability of the material from the respective deposits will lead to issues for their customers in their end applications. Results will not be reproducible unless they can deliver an identical product on a consistant basis, which is highly doubtful.
Also, if they could have removed kaolin from halloysite, why didn't they have CSIRO perform this work to prove it?
A 50% halloysite content within kaolin is NOT A HALLOYSITE DEPOSIT. It is a potential ceramic deposit.
"Big offtake agreement" not exciting too many people. It's execution time now, let's see what happens.
the stock is incredibly overvalued. Put in perspective, BASF announced that they have their Kaolin business up for sale looking for $100-200mm sales price. And why should this be more valuable exactly??
Good luck momos. Keep trying to push that Boulder up the hill. Getting heavy isn't it?
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