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clock Created with Sketch. 05/11/15
12:04
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Originally posted by kiwihiker
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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.
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the company has clearly stated in earlier reports that Mt Peake is contingent on Tivan.
