SVM 3.08% 67.0¢ sovereign metals limited

For an indicator of what RIO brings to Sovreign's Kasiya project...

  1. 6,162 Posts.
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    For an indicator of what RIO brings to Sovreign's Kasiya project head over to RIO website for a few serious lessons. Must read to gain an understanding of their SVM investment and whatever precedes.

    Just a few quick ones
    - 70 years mineral sands mining/processing in Quebec/Canada.
    - Richard's Bay is South Africa's largest producer of mineral sands - Rio they have just approved a next stage with a 463 million dollar expenditure.
    This asset is 74% RIO with Blue Horizon consortium and host community owning the other.
    - Off the coast in Madagascar a large ilmenite mineral sands operation - 80% RIO and 20% Madagascar Gov.

    So clearly shows the depth of years in expertise in mineral sands - rutile - titanium sectors. Critically they have run the book over Kasiya and with their expertise and long African/Madagascar experience they have seen Kasiya as a huge addition - of course as I mentioned the SVM team member ex RIO many a years would have played favorably (contacts in mining are gold - literally - and last a lifetime - sometimes generations) I have worked on Rio sites but the depth and history in mineral sands surprised me to the upside.

    Also well worth researching titanium oxide/pigment - very interesting the differentiation between US - EU and China pricing. Obviously economy situation related. Many commodities are traded USD and globally unified - titanium products appear to be individual contracts between supplier and buyer - much in the way the opaque rare earth contracts are.

 
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Last trade - 16.10pm 03/06/2024 (20 minute delay) ?
Last
67.5¢
  Change
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Open High Low Volume
65.0¢ 71.0¢ 64.8¢ 216163
Last updated 15.54pm 03/06/2024 ?
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