The FEED studies completed have provided sufficient confidence...

The FEED studies completed have provided sufficient confidence for us to look to progress our discussions with potential hydrogen off-takers and project co-funders as we head into 2019. As set out in our recent update to shareholders, from our initial FEED Study results we are looking at a Commercial Demonstration Project capable of operating on a continual, 24/7, basis producing approximately 100 tpa of hydrogen and approximately 375 tpa of graphite, and with a target capital cost of ~$10 million.


From the initial part of that paragraph, saying the feed is enough to continue conversations with potential offtake partners.. if they have that study release it!!..

The second part of the paragraph does Back up your point of view Low Key.. but

Andrew is also well versed in process economics, (a degree from memory, not certain). And knew where this was heading.. they already had their own numbers done before the independant numbers for the FEED.

Now obviously the bigger the plant the greater the output, and the more economic it would be. The original capex we were told at the luncheon was 3-5mil.. those numbers will obviously look better on a 10mil plant.. and even better on a 100mil plant..

So the feed in its current state is good enough to SHOW, potential offtake partners, why can’t it be released to the market, and SHOW potential investors. Then they have the same ability to decide if they want to be a part of this company, as a potential offtake partner can.

This will drive the share price to a ‘fair value’.. to me it seems that isn’t the desired outcome..