There is a similar shallow degraded deposit near the Altona refinery. And a better grade resource about to be exhausted by ALCOA generation near Anglesea.
No matter what the quality of the BM remainder,,, it's just too small for a co-located feed stock for power generation.
Even for Geelong, if it had have been considered a power generation strategic resource.
Basic maths given the stuff would come in @ >1.5t/mW .
A 500 mW plated power station would exhaust such a relatively small remaining deposit in,,,,20 months. QED.
MNM Price at posting:
5.3¢ Sentiment: LT Buy Disclosure: Not Held
