mines and money, page-3

To state the obvious the magnetic separation helps as it will reduce the volume fed into a finer crusher and while the acid costs will be very high, this is all relative to the revenue on the high percentage of titanium at 2% with credit from the vanadium.

The titanium market is reasonably tight. Aircraft manufactuers are trying to reduce fuel costs and as each 747 consumes about 45 tons of titanium (145 tons for the A380) that end use alone is very large and its growing.

Indoensia ordered 200 747s last year over a 5-6 year period - Boeing's largest ever order.