never once claimed this as a tier 1 titanium mine either has management, the titanium byproduct was only ever gonna be a byproduct, a small offset and a de risking oppertunity.
might save on opex 10-20 percent which makes a differcence. yes we could design some 2 billion dollar plant to refine it to pigment like TNG but management are realistic and know it would never get funding
you are right grade is king wish the titanium grade was higher but like I said we are a vanadium mine...
as for you comment opex with a 3.Xx is marginal it shows ur Knowledge of the vanadium market.. if producing at $3.xx is marginal looks like 70 percent of producers are going out then back door!
TMT Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
