It did seem like Vince and the BFS has already factored in the titanium recoveries to some extent, i.e. the $2.40 off capex, but it was suggested in the BFS more testwork (and I guess as per announcement, more drilling) was needed on the titanium recovery aspect. So perhaps the BFS does already include the capex and processing requirements for the early titanium rich feed,,, they are just needing to drill to prove up more of it.. I think that is best case though, worst (or be it more time consuming) case is that they need to integrate the early high titanium recovery feed into the BFS top to bottom with new flow sheet, kiln specs, maybe different infrastructure and capex changes etc,,, essentially completing the same integration study as tmt needed to do for their southern block if they wanted the first several years to be as economically positive as possible.
It's unclear from the announcement how this impacts timelines so I won't even speculate, but Vince lists his number right under the part about incorporating this into the BFS, so I assume he expects people to ask.
All about improving the project economics so in the long run obviously a plus, and all the work on the battery side still continues. It's nothing surprising and making positive use of the time before FID and EPA approvals to improve project economics is not a bad thing to be sure.
AVL Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)