RE:RE:RE:RE:RE:5 to 7.5 tpa scandium from Phoenix CMRI totally agree, Zerosum. According to a (bit more) recent study below, the current market for HPA is about $2B, growing at a CAGR of 20%.
https://www.globenewswire.com/news-release/2020/10/13/2107302/28124/en/Outlook-on-the-High-Purity-Alumina-Global-Market-to-2026-Opportunity-Analysis-and-Industry-Forecast.html SCY’s projected HPA revenue is $60M (see slide 9), which would make their market share a merely 3%.
Way too modest, IMO. And as this market is growing so rapidly - 20% CAGR – it would only shrink!
IMO, If they meet the right kind of investors – and if the $1.8M development program is successful - these people wouldn’t hesitate to double or even triple the initial 2,500 tpy capacity. SCY’s patented technology is so efficient and flexible, it would be a waste of genius if not being used more!
In this respect, it helps that SCY has found a partner in Barrick, which is now seriously investigating their technology to ‘upgrade’ the Phoenix copper/gold mine and recover those highly wanted critical minerals. If a major like Barrick takes them seriously, why shouldn’t these HPA investors do the same?
HPA-project funding is going to be easy-peasy Zerosum wrote: A lot of capital will want to step in... Let's consider HPA. (the market is not)
If you had an HPA refinery that may have a cap Ex of $70 million, but would potentially throw off EBITDA of $45 million per annum — you have a 3-4 year payback AISC than you're in a growth market that is already at 7 billion and growing at 20% yoy. if I had $70 million in my back pocket, where to I sign...
https://www.marketsandmarkets.com/Market-Reports/high-purity-alumina-market-112404986.html