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clock Created with Sketch. 30/05/15
17:03
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Originally posted by rikshag
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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!
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I think the issue is that until an offtake agreement is signed then there is no reason for the market to believe that the Scandium demand will increase as we all assume it will.
