Nyngan scandium project: It’s a winner!GP concludes his most recent interview with this remark. It shows how confident they are in their ability to start up the scandium market and bring this project into production.
https://www.youtube.com/watch?v=eonH58uPgMg&feature=youtu.be GP: “In China ScO3 is about USD 1000 p/kg today. So, it’s not cheap: it’s expensive. And
master alloy (MA) is considerably more than that on an equivalent basis”. MA preserves the USD 2000 p/kg for the company.
I think the what is called ‘demonstration plant’ – needed to become a certified MA supplier and produce larger batches for commercial testing - will cost about USD 10 million. That’s why they need about 100 million to build the project (instead of 87 million as projected in the DFS). And some of the remainder will of course be used to buy the land from Owen Carter.
Yes, it’s definitely a winner.