Ken,
I agree with you.
In the end, i think the fly ash side of the business will have great intangible value(removing a hazardous material and converting it into something useful). The financial value will be relatively minor compared to the Ni slag side of the business.
The latter has greater proportional Mg content, huge cheap reserves located in various parts of the globe. In addition there is centuries of supply as Ni mining continues and there are vast sub-sea reserves if ever the terrestrial deposits run out. It's where the big money is and when the company value will sky rocket. I can foresee Ni slag processing plants in Canada, Africa, Middle East and Russia. I intend to hold at least until the Malaysia plant is in production.
This is all predicated on good extraction efficiencies at commercial scale. That's why I'm so impatient about the demo plant.
cheers
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