“Absolutely, we make about $1.50 a kilo and in contrast to the...

“Absolutely, we make about $1.50 a kilo and in contrast to the mine, we make about 50 cents a kilo. So, value-adding and going further downstream, the margin increases multiple times. From the mine processing we make 50 cents a kilo and the initial first stage downstream is $1.50 a kilo, so the margin increases and that’s the aspirations of trying to go further downstream because as you go further downstream the margin increases. But we’ve got to start with the mine and the downstream before we can really consider the next step.”

That’s $6,800,00 gross revenue for Kwinana Stage 1 and a total for stage 2 of just over $20 million. That’s a significant project and when duplicated o/s makes us a very attractive proposition. Obviously there are overheads to come out of that but it is still impressive. We still have Epanko and recycling to add to that if they become commercially active assets.