TNG is a finance job, page-8

TNG still very profitable on todays numbers.
Phase 1
TI02 236,000 produced at cost of $1,380. Price is around $2400. $1000profit x 236,000t = $236m profit per year
Pig Iron 637,000 cost $137t. Price is around $300t. $150profit x 637,000 = $96m
Vanadium 17,560t cost $5.5Kg. Price is around $9kg. $3.5kgprofit ($3500t) x 17560 = $62m

Total Profit per year $236m + $96m + $62m = $394m per year

Now i have used low current prices and not accounted for the $50m in Vanadium savings per year. Also have not used value added material e.g. Ferro Vanadium. Also have not used planned savings to be announced across all metals.

Numbers look pretty good to me. Put a very low pe of 5 on TNG and with those figures i get a market cap of $2b or $2.80share.

Would love others on this forum to add or correct these numbers