Because kaolin is everywhere and there isn't much value in it.
The value in the ADN raw material in the hallyosite..........that is the only reason they can turn a profit out of DSO.
The only real value you can get out of owning a kaolin deposit is building a plant and producing HPA yourself.
Take ATC for example.......for their second HPA plant which will be built in Germany they will most likely source kaolin for Europe.....not their deposit in WA............because the stuff is everywhere and it is cheap..........
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- HPA from Kaolin in WA Massively undervalued...potential multi bagger!
HPA from Kaolin in WA Massively undervalued...potential multi bagger!, page-387
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