A two-tranche approach suffers from there being no-TIVAN; without the refinery, the vanadium grades are quite low out of the ground, and the titanium isn't pigment level. I have to read up again on whether the iron is freely available, or needs to pass through the refining process to be liberated from the ore. The economics shift substantially; indeed, Mt Peake would likely not be economical without the refinery. I don't think this can be pulled apart - it's all or nothing in my view.
That's where the trick will lie for funding; this is the first plant-at-scale, and therein lies a substantial level of risk for any financing party/parties. Binding agreements for offtake are all well and good, and they would play a part in getting people over the line to stump up cash, but this is an entirely different proposition.
BUT the CSIRO badge on the scale-testing will be a boon no doubt. We'll see how this plays out - my sentiment remains solidly positive.
Oh - and the fact that they decided to immediately bolt in the Woojin process says to me that PB has some level of confidence for funding. I thought that, there, was where the two-stage might kick in. Save a couple of hundred million by leaving that off the production line, and then self-funding that as a bolt-on later.
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tivan limited
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A two-tranche approach suffers from there being no-TIVAN;...
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Last
8.8¢ |
Change
0.001(1.15%) |
Mkt cap ! $183.0M |
Open | High | Low | Value | Volume |
8.8¢ | 8.8¢ | 8.7¢ | $33.94K | 388.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 407450 | 8.6¢ |
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Price($) | Vol. | No. |
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8.8¢ | 152069 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 407450 | 0.086 |
7 | 242128 | 0.085 |
1 | 100000 | 0.083 |
1 | 15000 | 0.082 |
2 | 606174 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 152069 | 1 |
0.089 | 200738 | 1 |
0.090 | 50000 | 1 |
0.091 | 50000 | 1 |
0.094 | 176951 | 1 |
Last trade - 16.10pm 04/07/2025 (20 minute delay) ? |
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