Yes this is a big early plus of combining, as AVL recognised the same potential of the Southern block and have drilled it out. I remember some drill results, but no MRE. You could argue this southern block was the only thing saved tmt from a miserable DFS, turning it into something attractive, at least for early years and then who knows where the v price could be in 2028 etc. We should know soon what the combined AVL and TMT resource is for this ore, and maybe a quick pilot test could show AVL's portion is good to go through TMT's existing flowsheet?
I still think this is the best action plan for the first 5 to 10 years of the project, cut the pay back period down by using the highest quality ore first and adding 'proven' titanium credits, will help considerably with the whole combined BFS.
AVL Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
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