ilmenite is 4% of the VHM and garnet is 90%. You have pessimistic mindset towards the project and will try to paint the picture from that perspective. Please do some digging and find me GMA and RDG selling their product for 250usd per tonne. Clearly you still don’t know the difference between hard rock garnet and alluvial garnet. Also, there will be a deficit of 250ktpa by 2026 and 500ktpa by 2030. Find me another alluvial garnet mine that is coming online by that time. Alluvial garnet is harder so it lasts longer and cost effective for industries hence it can easily grab market share from hard rock garnet.
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ilmenite is 4% of the VHM and garnet is 90%. You have...
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