Check out the Argex website. They own the process 50.1% and apparently SPM may/will import its small scale pilot plant now that Argex s moving on to a larger plant. They seem to be working closely togther, not surprising as Argex will get licensing fees from Speewah.
Argex price has almost doubled in the last monnth and the CEO is claiming an NPV of over two billion. Its La Blanche deposit has far higher grade Fe grade and Ti at 18% rather than 15%, but is very small relative to Speewah at 31m as of June last year. Maybe 50 now. Speewah 3.7 bt.
All we have to wait for is the equivalent of an Asian equivalent of the big pigment group PPG which may do or has done a deal with Argex.
SPM Price at posting:
19.0¢ Sentiment: LT Buy Disclosure: Held