Yep currently works out to about AU$3.28lb. Unfortunately no other projects have Tivan. Which is the entire reason for this project. Making viable previously unviable deposits.
IMO most V deposits are unviable unless they can find a cost effective way to extract the other minerals in the magnetite, which is what TIVAN will be doing.
FYI Yesterday I did a back of envelope calc., for my own benefit, for the 3 products TNG will be producing.
Total return after OPEX AU$517.6mil per annum This doesn't include the electrolyte VRB's, or hydrogen potential which they are also working on.
Also Largo probably is the cheapest mine
currently in production. TNG and SMS plan to change all that!
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