$6.85 valuation per share becomes serious now , page-19

commercialisation of the TIVAN? process

?We are very much looking forward to working with ECE towards the completion of the Mount Peake Pre-Feasibility Study and the commercialisation of the TIVAN? process."

So TNG doesnot only focus on developmenting the Mount Peake project, but also dedicate to commercialisation of the .
As I posted early, TIVAN process alone, once successful could be a company maker, is worth of $100-250 million.
Now 99.2% TiO2 trading at $3600/t, 43% TiO2 trading at $350/t. If TIVAN? process can verify TNG can produce 99.2% TiO2, SHs can expect 1000% of the SP return.
Personally, I wish TNG can magnetite/vanadium/titanium concentrate that assays 55% Fe, 1.2-1.5% V2O5 and 18% TiO2.

I put $180-200/t for this concentrate product, if TNG can just upgrade this product to 45% TiO2. I think there should be nuch hihger profits margin from the concentrate upgrade process.

Suppose TNG only produce 1million tonne of 45% TiO2 per year, ( assume no value for V2O5, Fe3O4) selling at $350/t, say net profit $60/t only. The net profits per year comes to $60 million = 15c net profit/year/share
If TNG choose to produce TiO2 pigment using its 18% TiO2 concentrate, then Mount Peake would be worth much more than a 200mt at 6% Zinc project.

I think currently ECE is trying to cap the SP at 9c so as to secure its 30% at 11c---they learn from the NTU lesson. If so, this means ECE has strong willness to invest on TNG.

BTW, Copper result is due now, I think we will see the announcement soon.

Cheers