RE:This is Much Bigger Than Barium Rereading the NR it is clear that the co. is talking about iodine contrast and not barium. The comments are about diversifying product mix, expanding entry into this market, accelerating entry into a segment of the contrast media industry.
So maybe the co. focus will be on building a GMP facility to first produce iodine and barium second. The iodine capex is only $7.5M vs $22.5M for barium mining/processing/manufacturing.
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Total Capital Required over 3 years – $36 M (Management has reduced this cost 37% to $22.5M, reduced the timeline, and added iodine, fullerene production and carbon capture = estimated $30M