I have been carrying out a lot of research on comparing the Arrowsmith and Muchea Silica sand operations with the Mitsubishi owned Cape Flattery Silica operations. I have only just found out that the Mitsubishi operations employ around 100 people and that is huge, I estimate that the Ventnor operation may be able to operate with 10-20 employees, but the biggest cost to Mitsubishi is that they have no grid derived power, they have to use diesel generators to power the plant! Ventnor have power lines running next to their sites, now that is a huge cost saving.
At Mitsubishi Cape Flattery operations all fuel comes via ship.
https://www.portsnorth.com.au/cape-flattery/
If you take the time to peruse the video’s that feature Bruce Maluish talking about the Silica projects then you can see where I am coming from. A buyout from Mitsubishi is also a possibility as when Ventnor is up and running Mitsubishi cannot compete. I am expecting the JORC on both of Ventnor Silica projects to be out to market in a short time frame, have a search on the web and do your own comparisons, I have and it stacks up perfectly.
