ATC- Altech HPA

[JBmurc]

Had a look into them, all looks good until i read the ramp up period where they are using lower quality/much lower value HPA initially.

All the valuations at 23,000/t HPA 4 seem redundant to me until they are actually achieving this, or have i missed something?

How are they going to service the debt in the short term?

I understand the current HPA 4 price is around USD $30,000t ...

• HPA plant will have an initial production capacity of 4ktpa of 99.99% HPA
(4N quality)

◦ This would position Altech as the largest producer of HPA in the world,
surpassing Sumitomo’s 3.2ktpa capacity

then with min mine life of 30yrs ...certainly plenty of time to pay back the debt needed to build and ramp up production ....

But as with any decent Mineral producer we'll have a predator keeping a close eye on operations ... and think it won't be long after successive operations we will be taken out for $1+ etc