TMT FREE CASH AND NPV / SHARE SPIDER CHARTS, page-59

If you look at that first few years of TMT where they are feeding the high quality yarrabubba ore for best ecomomics vs AVL who I think literally have 3 or 4 pits going at once to provide optimal feed, it makes you wonder if AVL could have found a better initial route to getting that 7 year payback down...

And on the other hand if TMT could blend yarrabubba with *nintha to get a longer period of the high quality yarrabubba feed..

I mean, they looked at yarrabubba as a stand alone project with lower initial capex etc,,, but does the integration study mean they are mixing feed from yarrabubba before it is used up? or was it a shift back to vanadium processing strategy and away from the titanium, but still running with yarrabubba first until it is dry?

I think what i'm trying to say is i'm not 100% clear on the differences between how yarrabubba was going to be handled on it's own, vs how it's handled after the integration study,,, aside from the processing plant being designed for the entire project and not just yarrabubba.