ESS 0.00% 50.0¢ essential metals limited

Cabot Corporation are the world's primary provider of caesium...

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    Cabot Corporation are the world's primary provider of caesium formate brines which they make at their Bernic Lake mine site.  As of their 2015 Annual report issued earlier this year they have stopped production at their caesium mine and are living off their existing supply of pollucite/brine.  It appears that the primary reason for stopping are safety issues at the mine which is under the lake.  Their income from brine has dropped from $101M in 2013 to $98M in 2014 and now to $42M in 2015 which they have claimed was due to a downturn in the oil and gas industry.  Our friend @manfromgwelo suggests that the brine market is still very strong so a fresh source of pollucite would be extremely valuable.

    DYOR
 
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Currently unlisted public company.

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