Personally, I'm not very happy with this ann. $25m set up cost for 2m tonnes p.a . Production capacity is lower than I thought it would be. 2m t p.a just doesn't cut it in terms of size of deposits for me. If you do the math, at say $150 per tonne. Thats only $300m p.a in gross revenue.
Also, the timeline for production is further out than I expected, especially for Muchea (flagship).
Not sure what others are reading into this but I would expect the SP to hover downwards for a while because V will just be in spend mode for a while yet.
Hopefully I have missed something with this ann.
Ann: Silica Sand Processing Plant Design and Costs, page-6
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