As quoted above in the merger presentation. Only V205 Kt production is mentioned and then the rest reports to waste. The 900,000 tonnes of FE ti co product should be listed so that the $2.40 opex credit can be realised. This has always been the smoke and mirrors on the AVL opex numbers.
TMT listed V205 recovered and Ilmenite Production in the merger presentation.
As listed above From the merger presentation documents.
Instead of arguing with me write a letter to AVL management why the 2022 BFS and Merger presentation document quoted an opex number which cannot be justified by a product that is listed in the mining reserve table.
If management suddenly produce optimized testwork showing the Fe Ti co product has been upgraded then it should have been in the merger presentation documents as these are the latest documents submitted by both comapanies.
(20min delay)