FYI 0.93% 53.5¢ fyi resources limited

FYI resources presents at the International Precious Metals & Commodities Show in Munich, page-2

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    The information from the talk with Roland Hill at the International Precious Metals & Commodities Show in Munich .
    In addition I asked some questions.

    current situation: follow up meetings done in advance samples were sent to 25 companies. The headquarters of that companies are based in Japan, Korea, China or Taiwan. Roly reported about a huge interest caused by a lack of market supply of HPA. A lot of bauxit mines are closed to the tremendous economic footprint and pollution.
    Goal of FYI: Create a Joint Venture with one of these companies with a maximum partnership of 50% to still have the decision option.
    In addition Roly has a good connection to the banking sector, he itself was a banker. With the BFS in hands credit financing would be a good option.
    The proposed 8000t are estimated very conservativ he sees at least 9000t possible. 
    From the yearly 50000t there can be 25000t HPQ used as byproduct in addition also a part in the refinery.
    The achievable purity of HPQ has to be checked. The BFS will give here further information.

    In general Roly was very confident, due to the perfect situation at the moment with increasing HPA needs and a lot of big companies are aware of this and want to secure the future supply. It is a really exciting story to be written. I think the odds of a christmas present are very good for the shareholders. I myself am convinced of exactly this. Will have a look under the christmas tree.

    I
 
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