RE: T!Ts26 Mar 2018 20:18
Been a busy boy today Wassatt. I like to look at the bigger picture myself. In itself the roaster facility will be just that another Roaster producing antimony - a readily available commodity. The financing is in place, commissioning underway, feed agreements in place and production to start mid year all being well. Once we start producing we should see an uplift in share price. There are a couple of factors though that are harder to price in if that's your thing
- the environmental quality of the final product compared the the existing market supply, the growing demand / necessity of environmentally friendly antimony and the state of the Chinese market. This will be a premium product and potentially unable to meet demand resulting in a price premium and / or accelerated further plant development in Oman or licencing of the technology to other areas.
- the gold refractory process (personally I think this has more upside than the above). The potential to apply the roaster technology to increase the recoverable gold resource either onsite or through shipping the ore to a central plant could be huge. Look into the demand for Gold and Gold working in Oman - a natural home for tonnes of previously unusable ore with recoverable gold.
Yes I have some concerns around Finance, Odey and the number of shares in issue. There is always a price to pay to get over the line in some cases, I just hope those PI's that have supported TSTR over several years get to see the full benefits