"Patel can also provide a tin and a flourospar beneficiating plant.."
Yes - They can get a discount for ordering two plants LoL!
And that brings me to another point I forgot to address...
Fluorspar... Some notes on MAKs Fluorspar deposit...
$315PT x 3MTPA = $945,000,000 Revenue From Fluorspar
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MAK already have historical data that proves the reserves, but not to today's JORC standards. They were doing more tests in Europe so that they can finally certify it.
Listen to the Interview
http://www.brr.com.au/event/MAK/2097/38107/wmp/xdcvmmm947
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Pg 9 - MARCH 2008 QUARTERLY REPORT
http://www.minemakers.com.au/documents/qr0803.pdf
"During the Quarter, Minemakers announced that the price of benchmark fluorspar delivered to Europe had risen to from the US$130/t price of a year earlier to US$315/t.
Moina is one of Australia’s largest fluorspar deposits and, based on historic drilling, mineralisation potential for an open cut operation of the 50-60Mt range is considered possible by Minemakers. At a 3Mtpa processing rate, Moina could be a significant long term fluorspar and tungsten producer.
Shareholders are reminded that fluorspar is the principal mineral containing fluorine and is the ultimate main source for all fluorine-based chemicals. Accordingly, it is a critical raw material for the production of aluminium metal, as well as refrigeration and air-conditioning. The growth outlook for aluminium, in particular, seems very strong."
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