Ann: Notice of Annual General Meeting/Proxy Form-TNG.AX, page-92

31 July 2015
http://clients2.weblink.com.au/news/pdf_1\01645936.pdf

Pre-tax IRR of 41%
NPV (at 8% discounted) A$4.9 billion

Drilling results have indicated the potential to find additional ore in the Mount Peake area, where other vanadium and titanium bearing magnetite - bearing intrusives have already been identified (see ASX Announcement – 15 April 2014). The location of the TIVAN ® Refinery near Darwin Port also allows
the potential for other concentrates to be shipped to the Refinery for processing. The potential for the additional long-life revenue streams from the Refinery have not been incorporated into the DFS .




02 Nov 2016
http://www.miningnews.net/resource-stocks/company-profiles/tng-moves-in-rarefied-group/

'You’ve got a world-class project that high-level studies have shown has an NPV approaching A$2 billion, with attractive IRR (30%), which looks to be capable of generating very significant annual cash flow and earnings.'



Big week(s) ahead!