Great news marcus.
No CR required to fund stage 1.
With its ebitda of US$11mil the payback period will be 3-6 months. The small bank loan wont be a issue (if required)
I am loving those high grades of 30% Total heavy metals.
Does anyone know why MRC used an ilmenite price of only US$170 per tonne. When the current spot price is closer to US$350 per tonne?
Is this related to the quality of the ilmenite, or has MRC been extremely conservative on its pricing?
If quality is the issue, wouldn't it be best to upgrade the quality to achieve the higher price. If they produce 100k tpa they are losing around US$20 mil a year in revenue.
Great news marcus. No CR required to fund stage 1. With its...
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