Meeting with Bahay 12 April 2022, page-22

First 22 Last

Share
Profile

Follow
Ricksanchezc137

595 Posts.

379

16/04/22

12:41

Post #: 60879642
Share

Originally posted by pds1961: ↑

A mate of mine sent me some links to articles following a discussion about further investment in PWN. I’ve attached them below in case anyone wants to read or re-read. I hadn’t read them before but I’m glad that I did.

1. Useful bi-products from brine

https://news.mit.edu/2019/brine-desalianation-waste-sodium-hydroxide-0213

2. PWN website material

https://www.parkwayminerals.com.au/ibc-technology

3. Qld Policy on treatment/re-use/disposal of brine (relevant to recent FS announcement)

https://environment.des.qld.gov.au/management/activities/non-mining/water/csg-water

After reading the lot, it confirms for me (DYOR) what has already been suggested:
(a) bi-products can be produced from concentrated brine
(b) bi-products have a commercial value
(c) the commercial value can offset costs of treating waste water that leaves brine and possibly create additional revenue streams.

I have absolutely no doubt about the technology or Bahay’s genuine confidence and enthusiasm for it, noting what other posters have observed about the importance of, and credibility from, the association with Worley and VU.

There was a recent question about whether the FS would interfere with Veolia’s contract which Mr M helpfully answered. It seems Veolia is involved with waste treatment removal the leaves the brine that PWN is interested in. No conflict there - in fact it suggests a no brainer opportunity highly likely to be the subject of a commercial agreement.

The MIT article in 2019 referred to 100 litres a day from desalination world wide. The PWN FS only looks at CSG. The additional potential is significant.

If the technology used by PWN is as good and no more expensive than current technology, and can be made at competitive cost, it will be a valuable asset. If it is better than existing technologies, it will be a massively valuable asset.

Thank you all for some great posts recently on this thread.

Happy reading.

PDS

Expand

The desal is an interesting market. Whilst there is 140 million litres + per day of salty brine produced globally, it is currently pushed into the ocean. This is a huge problem environmentally. The problem is that 140 million litres of desal does not come with the same economic liability as CSG brine due to weak global environmental standards in this regard. I think on a long enough timeline the economic liability will come in line with the environmental liability, and this will open the flood gates to contracts. Until then, I think we would only be able to land desal contracts in tier 1 locations that are looking to tick the ESG box. Dont get me wrong though, an ibc plant would increase fresh water output which would produce a revenue increase, so there is still that, but we are just missing that substitution for waste disposal that we see in the energy and mining sector.

PWN Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply