Taking the costing further using Tewks $300/t cost then 200kg...

Taking the costing further using Tewks $300/t cost then 200kg Zinc metal would cost $60 to produce and the profit is $510 per tonne of Dust.

Then add in the free Acid produced by taking the Gal pickling solutions, don't have time to dig out the sums but the profit is possibly a lot higher

Then add in all the Galvanising plants around the world, this becomes bigger than the syn rutile plants.

Five Streams to this company now

1. Syn Rutile and Corridor Sands
2. Gold
3. EARS/DRI for Steel making plants (there's lots of them)
4. EARS/DRZ for EAF Dust and Galvanising pickle recycle
5. Gold

How do you value that? From a very conservative base of 18c by Fergus then add in the blue sky of DRI/DRZ

Dont you love a management that diversifies.

Cheers

Seik