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26.0¢ technology metals australia limited

Ann: TMT Investor Presentation - March 2019, page-12

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tonethegroan

1,504 Posts.

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28/03/19

16:29

Post #: 37917156
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Originally posted by Io: ↑

There is a huge difference between TMT and Largo Resources. Largo produce a vanadium magnetite concentrate over 3% V2O5, the highest in the world. The vanadium magnetite concentrate which TMT produce is around 1.2% V2O5. Because of that difference alone the economics of the two projects are light years apart. The key to a vanadium deposit is the amount of vanadium which goes into the magnetite concentrate as if the vanadium does not go into the magnetite concentrate then you do not recover it. That is what makes the Largo deposit world class, as they produce the highest concentrate of any project. Very, very different to TNT, which will produce an average grade vanadium magnetite concentrate.

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I simply don't get your point. If they are producing the same product for about the same price, how on earth can the economics be light years apart?

TMT Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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