Hi Guys,Interesting story. However, the Company will need more...

Hi Guys,

Interesting story. However, the Company will need more than their planned Vermiculite mine to grow the MC in a meaningful way.

I am/ was interested so dug a little (please correct anything incorrect here):

GLF currently operating at 15ktpa.

Looking to ramp up to 50ktpa

Transport option logistics feasible to 30ktpa (Truck and TEU)

Price per ton (1/1/11) $325
(Source: http://www.kaycircle.com/What-Is-the-Average-Cost-of-Vermiculite-Per-Ounce-Gram-Pound-Ton-Average-Vermiculite-Price)

Operating margin for Imerys (large Vermiculite producer) 12.9% (Source: Imerys Sept 10 Report)

Do the numbers. GLF requires the following:

1. Large price increases
2. Much larger throughput
3. Additional projects such as Limestone, etc

Cheers
John