Considering the location of this new plant for Min Res at Lake Johnston, Baldhill is still the likely plant that TOR would use considering it's only 600 meters away. The fines would then be trucked at Lake Johnston to be processed.
Confirmation in that announcement that MIN would be looking at equity in the third-party project for toll-treating services - the question at hand is how much % would MIN be looking in the project? That would have to align with what the other major TOR shareholders would be happy to vote on, particularly the original Dawn vendors.
MIN may decide on less % of the project as long as they hold a blocking equity stake in TOR. Other questions I have are:
1. What price spod have to be at for this JV partnership to work where both parties are returning a profit?
2. Would TOR have marketing ownership of their share of the ore ?
3. Would MIN Res like to see a JORC published on the project before signing an agreement?
Considering the location of this new plant for Min Res at Lake...
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