RE:Great webcastThe main takeaway for me, was their answer about commercial viability. I'll have to listen to the replay, but I believe they said they'll know whether their project is commercially viable based on the results of their lab pilot, which is expected to begin in October.
Other than that, they expect their cost/tonne of less than $4K to be well below the industry average. That's like a gold producer saying their all in costs are $540 per ounce when the market price is $1,800 and ounce. Raymond made a good point of emphasizing this when asked about the potential of more supply coming onstream in 2015 (re: Morgan Stanley's crsytal ball question).