Random projects this made me think about - Iluka will spend $270 million building the Douglas mineral sands mine, an ore concentrator and a major new mineral separation plant in Victoria's west. This project was 2004 - the processing facility bid at $150M ended up costing double that.
Richard's Bay in South Africa - Rio - Richards Bay Minerals (RBM) is a world leader in heavy mineral sands extraction and refining and is South Africa’s largest mineral sands producer The $463 million (our share is $343 million) investment will sustain RBM’s current capacity and extend the life of the mine.
Titanium Dioxide Extraction & refining facilities come with a decent price tag. That's before inputs/outputs (water use/Carbon intensity/Waster water) is factored in.
Low grade magnetite in China, Low grade magnetite in India - a process that beneficiates/refines low grade magnetite into 3 high quality outputs, uses a hydrometallurgical process to do so, green hydrogen fluidised bed reactor, zero waste water, produces high grade Vanadium for use in VRFBs - there is bound to be demand.
Another thing I've been thinking about lately is Twiggy was a stock broker before FMG so has a lot of experience in this field (just take a look at what's happening with Reddit & GME shorts) & IMO, the market does not truly reflect potential of developing technologies like this as it's way too easy to control the SP. This is maybe an are where TNG can improve. TNG didn't benefit from the run up in all Vanadium stocks back in 2018 & fell off a cliff after the DFS was released & I guarantee there was a reason for this unrelated to the company/tech prospects.
Their strategy to support the SP appears only to involve the occasional ASX release. Maybe there's more they could about this.
TNG Price at posting:
10.8¢ Sentiment: Hold Disclosure: Held
