Ann: PLACEMENT AND SPP , page-6

"Being a pilot there is a degree of risk that it simply will not work..."

I would have thought a pilot plant is sure to work - question is one of demand for it. With BHP's recent decision to outsource its pilotting and focus on their core strengths there s/be some additional business for traditional service providers in this area. Pilotting fits comfortably with AEC's traditional strengths - it's organic growth at its best.
This decision of AEC's holds particular attraction for me as I lost a fair bit in QOL who clearly failed to pilot effectively and ended up with a brand new plant unsuited to the task in hand.
I understand AEC will initially be looking to pilot the processing of gold and uranium ore bodies - s/be solid demand for their services. And with the site of the pilot plant adjacent to their premises in Balcatta, this spp ticks all the boxes for me.