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Amused observer

12,161 Posts.

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19/04/22

10:01

Post #: 60904734
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Originally posted by LovesMining: ↑

Hey mate, between you and me, I think this stock has tons of potential - the main thing being the massive resource.
I have one simple question though and I would like you to think about it really carefully.
Could we not go for teh IHP process and produce a decent amount of food grade phosphoric acid (PA) that sells for around AUD1900/ton, netting us revenues of around 380 million on a smallish production of 200ktpa of PA?
It would have the following distinct advantges:
(1) THe CAPEX would be much smaller than a LFP plant
(2) There would be almost no learning curve being an established technology
(3) We could get FCF much faster adn use part of that to later on establish an LFP plant

The reason I am coming to you about this is that you seem to have a fairly large amount of shares and that would give you some sort of leg to stand on and talk to the BoD.
Get them to see alternate routes that could generate FCF faster with minimal risk.

sure, we will definitely get into LFP (I'm excited about that too), but lets learn to walk before we can run eh?

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*grabs some popcorn and sits back to watch the reply, ignoring the rest of the market as it unfolds post the resurrection.*

AEV Price at posting: 2.0¢ Sentiment: None Disclosure: Held
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