RE:RE:RE:RE:RE:RE:RE:RE:OMG Pip, The sky is falling. Run, Run Away, Sell, Sell, SellHastings just released detailed CapEx A$449M, and that is just thru to carbonate, they are not even attempting to separate at this point!!!!!
Illustrates what I've been trying to get across to you guys for years, neither MRT or RSX is a Magic Pudding, it is simply one stage of a complex operation.
HAS is a dead easy open cut, +1% grade that looks like it will upgrade something 50:1 given the rather unique nature of the host to create a very valuable carbonate.
In the initial stage of the business the margin will be contracted price less CoP which I understand is quite healthy.
Two points, with a viable deposit you don't need separation to be profitable, where is Ucore going to find $400M to buildout pre process before it even gets to RSX or MRT?
Regardless whether RSX or MRT actully work at scale their commercial viability will be highly dependent on the cost of feedstock at the front end.