And they have a mining permit - which ADN still doesn't have. Lots of options for ZEO. The Kaolin "works" at bench testing which to me is a tick for the most vital phase. From my research, the back end of the plant should be fairly "stock" as that part of the tech has been around a long time.
I was a large holder in ADN from .005 days when no one knew about Halloysite and I think the synthetic zeolite tech is a globally significant IP and has massive potential but still off the radar. Having both Kaolin and potentially Lithium tailings as feedstock opens the door to quick and widespread implementation. Carbon capture and the agri side more irons in the fire. And yes, DSO appears to be high enough quality for a profitable quick ship operation for early revenue as the zeolite op ramps up.
While there is a resource side to ZEO and would stand on its own feet already for a Kaolin business, I see it more as a tech investment with global application that can be implemented anywhere. Feels like LKE, which was trading at 6 cents a year ago, (now $1) Couldn't understand it wasn't much higher, like I couldn't understand why ADN was half a cent (went to 44) - once the market started to understand the significance of unique tech, off they went.
I think ZEO is at this great early stage where a lot of the hard work has been done by the Company on development and IP but the market hasn't quite caught up yet.
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