Imo current sp doesnt even give full dues to Syerston. CLQ has the ability to become in a short period of time the principal supplier globally of scandium to the aerospace,specialty metal alloys and sofc markets. The scoping study, using conservative values, points to an operating surplus of $40m+ pa. IMO the scandium market has been waiting for an opportunity like Syerston to come along to provide reliable and abundant supply. This market has been surviving on the scraps from various low grade processing streams and paying more than double what CLQ can profitably deliver the stuff at, and all the while they have been investing vast amounts into these new technologies! IMO it is only a matter of time before we lock in binding offtake agreements. Syerston is a company maker in itself!
Whatever the difficulties of doing business in China, I think CLQ has what China needs and our mgt team and cornerstone investor have the acumen to ensure any business venture undertaken will be in shareholders interests.
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