The smelters charge a fee..a huge one that is Right now, our future clients are sending their feedstock to South Africa with no promise of what will come out of it 6 months later.
The fee = not knowing if you're getting what you should. With the smelters, they will never know with their last century technology...
Testing their feedstock with NOVX21 will rock the craddle....big time
They will know exactly the fee they're paying..
My guess, they are losing way way more then 10K or 30K per ton.
Just think of the borrowing cost related to waiting 6 months to get a check...
Even at an evaluation of 100 000$ a ton, NOVX21 comes out a winner.
For Curvature (1000 cc = 1 ton of feedstock; 3-15gr PGM/cc = 3000gr - 15000gr PGM) do the math...
It's not complicate...is it not?
Going to the beach with hubby & kids...reflect on that over the weekend boys
You too Boulanger et LeBoutilier