No question: FYI still have the final proof.
The first steps on the part of FYI are made.
- Prefeasibility In terms of cost-effectiveness, FYI is in the first quartile, says Hill. Particularly important was his statement that the upcoming feasibility study does not require fresh capital. At the end of quarter 3 2018, FYI had approximately $ 2.9 million in cash and cash equivalents.
- Conversations with potential customers are making good progress Hill was satisfied with the trip. They were able to make new contacts and gain insights into the HPA markets of East Asia. Industry feedback, from numerous sources, is encouraging and supports both the company's internal assumptions and independent experts regarding price trends and demand for HPA.
- FYI Resources uses tax rebate to build a pilot plant Hill considers the construction of a pilot plant to be a crucial step on the way to realizing the entire project. Literally, Hill said, "The results of the pilot plant will contribute significantly to the robustness and confidence in the project, as well as improving our ability to fund project capital. The fact that we are also funding the pilot plant through an advance on our anticipated tax rebate on research and development is beneficial to shareholders as it does not dilute while at the same time funding a crucial part of the project. "
- Successful 5N HPA Testing Hill said that not only was it "unbelievable" to achieve this level of purity, it could potentially have a significant impact on the project's overall profitability.
FYI achieved 5N just by reducing the recovery from 97% to 90%! EASIER is not really!
