I think the investors have not yet understood what SVM has discovered with KASIYA.
If you take a look at the rutile projects available worldwide in the Taylor Collison Research Report on page 16 and 17, it quickly becomes clear that KASIYA has the highest content of all the projects with the previous contents of 1% to 1.8%, apart from Murray Basin of Iluka.
The grades are comparable to Sierre Rutile, which also belongs to Iluka. Then there is nothing comparable in terms of grade for a long time. BSE has in Kenya with the KWALE project with 0.50% to 0.67% rutile, but the mine is already quite exhausted.
So SVM's KASIYA will already be one of the top projects in the world from 200 to 300 million tons.
The big producers like Iluka, Tronox, Rio Tinto could be interested, or the medium sized ones like Base Resources or Kenmare. The market is tight and normally you don't like new competition.
SVM Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
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