TNG is a finance job, page-14

PB described the $50m p.a. v2o5 saving as transformational and I tend to agree,as that combined with lower capex and potential savings from tio2 give this a shot at finance. The ferro-vanadium option also looks very interesting to me,but I'd like to see some hard figures on costings, I assume there would also be an option to repay finance over a slightly longer period if necessary to keep the numbers in the black. (or sell greater % of equity at project level).I await the updated figures with interest, which may or may not materialise this year, but mostly wish to see prices for v2o5 and esp tio2 continue to rise,as this will be where the money gets made.