Bleedin\’ \’ell

A minerals company says it could start processing scandium from a mine at Greenvale, west of Townsville in North Queensland, within three years.

Metallica Minerals is completing a feasibility study into the mine, which could require up to $500 million in capital works.

Two things.

1) They\’re never going to raise that much capital.

2) They don\’t need to. At least I don\’t think they do. Over-estimated by an order of magnitude I think…..

Although it should be said, if a potential competitor really does need $500 million in capital then I can sleep more soundly.

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