"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.
AEC Price at posting:
$2.05 Sentiment: Buy Disclosure: Held
