Hello. ILU is currently earning US$1,662/t for 92% to 95% titanium (rutile and HyTi). SFX is currently earning US$124/t for its 38% titanium 54% iron (called "ilmenite"). If we do some simply math, what SFX is earning is completely out of proportion to what ILU is earning. Even though SFX's 38% is 41% of ILU's 92%, SFX are only earning 7% of what ILU are earning. This is what happens when titanium is riddled with iron. ENV must sooner or later disclose how much iron is mixed/fused with their titanium.
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