Stage 1 (without Big Hill) @ 3m kg pa on a $10 per kg margin avg = 30m HAZ 60% JV 18m pa or 80% JV 24m pa (+/- 20%?). Commissioning now? 12 - 18 months to full production. Market cap <50m. Am I missing something? This excludes stage 2 (4.5m kg pa) with Big Hill providing majority feedstock (2/3).
Waiting on the feedstock announcement and an offtake would be an added bonus. Need something to clear all of Hartley's clients who have too many shares issued @ 20c.
HAZ Price at posting:
13.1¢ Sentiment: None Disclosure: Held
