I have no idea, it hasn't been released,
They do have US$10mil in conditional funding from GMA Garnet to build the finished production facility, which will produce finished Garnet and Ilmenite.
I have just assumed it will be an additional US$50 per tonne although the amount might be significantly higher when you consider the PFS for the inland strands suggested the concentrate ilmenite is US$130 per tonne.
If you compare the price for ilmenite from one of MRC peers, it maybe significantly higher, @Peppie knows more about HM than I do, Peppie could you help out on a realistic pricing for as to assume MRC could achieve for its finished ilmenite?
US$180 seems pretty conservative if you use the pricing below which is closer to US$300 per tonne.
Ann: Transition to 24-hour Inland Strands Ore Processing, page-5
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