If you follow this all very carefully, it is the patented Tivan process which makes Mt Peake work. You will note from the presentation,, "a commercial grade concentrate is produced by coarse crush and LIMS, with the concentrate grading: 1.2% V2O5, 18% TiO2 and 55%FE. In addition to this, is the opportunity to produce the more valuable Ferro-vanadium. (For a capital outlay of $44m, this additional more valuable product adds net cash flow to the project over the 24 year mine life of $78m/annum, bringing total estimated NET cash cash flow after all costs to $226m/annum !!)
I understand the big problem with vanadium mines is that historically it would not have been possible to produce all three products, iron, titanium and vanadium + the patented process (Tivan) allows for much lower capex and opex.
I am no mining engineer; I am just highlighting from the recent presentation.
TNG Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
