So a start to widening value for shareholders has started. Good...

So a start to widening value for shareholders has started. Good move that making an investment so as not to cause any "change of activities" . . . be interesting to see whether this occurs by stealth or in fact, and my bet is on this, TWO quite separate and distinct businesses are created.

My bet is also that despite the usual cynics statements, this is a "bloody" good investment. Do a few sums 30,000 hectares x 10000 sq m x 1 m thickness x 1 per cent zircon equals around 3 million tonnes of Zr. Come again, 3 MILLION tonne? So ten per cent is around 300,000 tonnes at US$580 per tonne . . . equals US$174 million revenue. So if only 50,000 tonne were produced per year, PCE's share of the revenue would be around US$2.9 million over the then twenty years of life of the asset. Not bad eh?

Will very easily fuel the cash flow requirements of the VRB Energy storage sector . . . good work guys.

Questions for readers ehre then
1. What margin does a Mineral Sands mine make? and
2. Does anyone else in the world have this kind of resource potential?