Reasons for slowness:
1. V2O5 Phase 1 production = 17,560tpa (12.5% of world demand) - DONE
2. TiO2 Phase 1 production = 236,000tpa (3.5% of world demand) - in progress
3. Pig Iron Phase 1 production = 637,000tpa (0.05% of world demand) - DONE
4. Capex Phase 1 = $970M AUD - appears to be well in hand
I think we often underestimate the sheer size of this project - any percent of world demand is going to require considerable effort just to find a buyer in my mind, let alone a life of mine buyer!
To keep it in perspective, if TNG eventually realises a capitalisation roughly resembling its NPV of $5B, then TNG will become the 6th largest mining company listed on the ASX, behind only BHP, RIO, Newcrest, Fortescue and SOUTH32. Whether TNG (rather than the project) actually realises a $5B market capitalisation will of course depend entirely on the dilution resulting from the finance structure and market sentiment.
Poor old PB, constantly being told he's taking too long to setup a top 100 ASX company... lol
- Forums
- ASX - By Stock
- TVN
- TNG - will mine happen- frustating and slow
TNG - will mine happen- frustating and slow, page-2
-
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TVN (ASX) to my watchlist
|
|||||
Last
4.8¢ |
Change
-0.001(2.04%) |
Mkt cap ! $82.91M |
Open | High | Low | Value | Volume |
5.0¢ | 5.4¢ | 4.8¢ | $101.1K | 2.017M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 241960 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 60270 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 241960 | 0.048 |
3 | 227000 | 0.047 |
5 | 718451 | 0.046 |
12 | 945539 | 0.045 |
1 | 13000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 60270 | 1 |
0.051 | 155000 | 2 |
0.052 | 85000 | 1 |
0.053 | 147612 | 1 |
0.054 | 25000 | 1 |
Last trade - 15.59pm 05/09/2024 (20 minute delay) ? |
Featured News
TVN (ASX) Chart |