I expect the BFS will include the Fe/Ti product as indicated in the PFS update, containing 54.5% Fe and 14%Ti.
However test work carried out was able to increase the Fe to 66%. The extra refining would raise CAPEX/OPEX.
The coproduct is valued at 70% of 62% Fe in the PFS update.
The IO price 10/2/22......58% fines us$98.60...62%fines us$153.50....65%finesus$183.20
Steel mills prefering HG ore for enviro reasons.
Maybe in the not too distant future this will be looked at.
Also V2O5 @us$10.30 is 16% higher than used in the update us$8.67.
AIMO
I expect the BFS will include the Fe/Ti product as indicated in...
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