Existing plant was rated at 14KTPA, had some issues at the front end due to poor initial metallurgy and Mega is apparently in the process of rebuilding it. Understand their ST target is to expand it to 20KTPA.
Old report from SER but stated Uley 33% 100+, 33% 80+ & 33% 50+ so pretty much all large flake & jumbo. When I queried MM on this he hedged a little so I didn't really get confirmation but current 80+ ranges $2500/3000 for 94/97%C. Prices escalate with purity and I've seen prices quoted $35/45K for "4nines" 99.99% but no idea what Mega/Uley is capable of.
Back of envelope: 14k x $2500 = $35M
SER Price at posting:
5.2¢ Sentiment: LT Buy Disclosure: Held
