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Originally posted by tropic:
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Thanks for your insights Ken.At this stage we should have confirmation whether the process works at commercial scale and the extraction efficiency. If it works they can begin forecasting revenues for the 10ktpa and 100ktpa plants. In addition the quality of by-products for market testing. It will also be where the share price should see some significant uplift. We may even see a new larger figure in the LMG revenue line for 2023. I would also expect a capital raise if the demo plant is a success. They have set up a subsidiary company for the Malaysian plant and Peter Church while appointed to the Board of LMG is also the Chair of that subsidiary Latrobe Magnesium Sarawak Sdn Bhd. He needs to get his act togethering and formulate his team to secure investors and design for a potential construction date - he shouldn't be wasting his time so much on what's happening in the La Trobe valley apart from his duties as Director. The port can handle up to 7M tons of ore and being expanded so could handle up to 18M tons. If they can at least get 80% extraction efficiency, when you multiply by the Mg price or futures price it will be a very big revenue number. The Board can let senior management handle the demo plant and focus on the 10kta plant and in fact whether to build a larger plant if they can raise the funds.
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They have also said numerous times, after the study is complete on the flash supplies at Yallourn, the 10k figure could increase upto 40k. I'm hopeful we will hear good news on this shortly also.
