Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
An ice cream analogy would be good…
It does show what a significant improvement the KMP has had to the environmental impact at 56m3 per hour of operation, the delays all be it painful have ultimately had a significant improvement to the project.
An Olympic size pool is a standard size at 2,500m3, with a flat bottom, or Duncan Goodhew would have had a bit of an issue diving into the shallow end back in the day, plus I didn’t bring up the pool analogy in the first place, I was just correcting the error/wild exaggeration, that’s all.
I’m afraid you water numbers are incorrect and hugely exaggerated, the new water process uses 56m3 per hour, there are 2,500m3 in an Olympic sized pool , even the old method only used 139m3 an hour so was a pools worth every 18hrs, now it’s an pools worth every 45 hours of continuous plant operations. As with any plant it won’t to be operational 24/7/ 365 days a year with maintenance, shift changes etc.
Good post Testpack, the only thing I would say is that surely in the worst case scenario insolvency can easily be avoided by just cutting costs, preserving cash by mothballing the project if they really had too rather than the downside risk you state. The company after all has no debt and could easily do a mini raise to keep the lights on if they really had too. They do after all hold the licences, the mining permit and the new process IP, which would be worth something. Surely it makes sense for all parties to get this project rolling now anyway.
The 100,000 “sell” at 15:46, wasn’t a “dump” at all, it was actually me buying.