Originally posted by Propunter2
In the October 121 presentation Paul Vollant said the following :
we will also produce about 11,000 tons of Ferro vanadium ... that is a keycomponent to the steel industry the strengthening agent for steel and very high value I will discuss a bit later
This amount if 11,000T is close to their stage 1 projected production of 11,500T per annum or just over 95%
95% of 243,000T of vanadium is 230,000Tonnes of Fe-V give or take.
At a current value of US$109.50/kg
USD$26,608,500,000
AUD$36,811,529,000
https://www.vanadiumprice.com/
Seems to me like TNG just let the cat out of the bag folks as even the DFS did not mention Ferro-Vanadium production.
How can they not sell this to the public - these numbers are easily quantifiable.
TNG have got the technology agreement & offtake in place to do this.
TiO2, Pig Iron = bonus income.
http://www.tngltd.com.au/images/tngltd---eerie.pdf
While we're throwing this around - here's the original FeV scoping study that Snowden complied back in 2011 (the same year that METS and TNG lodged the first TIVAN patent). This was obviously well before the Woojin BoA and associated tech sharing agreement.
METS' earlier SS assumed 4700 tonnes per annum of FeV from a 2Mtpa operation so using current production figures and ignoring all optimisation and the numbers get pretty damn close to your $26B.
Years 1-4 (3Mtpa) @ 7050t PA = 7,050,000kg @ US$109.50/kg =
$0.77B per annum
Years 5-17 (6Mtpa) @14100t PA = 14,100,000kg @ US$109.50/kg =
$1.54B per annum
So LOM value of a dedicated FeV strategy would be in the vicinity of
$23B
Now either our friend Paul Volant has used a
VERY old slide for his presentation or the game plan has changed. If the plan has indeed changed then at least we know that SMS will have absolutely no problems helping us out with a simple electric arc furnace - KfW/ECA funded too!.
Here's a snippet from the old announcement linked above.... (note the relatively low CAPEX and OPEX)
If PV hasn't messed his presentation then confirmation from the company and a revised, revised DFS would really put this project on everyones radar. The numbers would be massive using even conservative commodity pricing.
