Hopefully those after the quick trade are gone now and those with a longer view or thoughts of a t/o are entrying the building! Given the figures to me it looks very compelling!
Annual operating costs are estimated at about $34.1 million, or $379 per tonne of product.
Its internal rate of return was estimated at 71 per cent with a payback period of less than 15 months.
The Ore Reserve estimate features a higher than anticipated Leucoxene 88
content. Leucoxene 88 has a TiO2 content of 88% and is a highly-valued
mineral sand product that attracts a premium price. Zircon, another high value
mineral sands product, comprises a further 14.6% of the Ore Reserve mineral
assemblage.
The Ore Reserves are based upon a Leucoxene 70 price of US$352 per tonne, a Leucoxene 88 price of
US$1,166 per tonne and a Zircon price of US$1,777 per tonne.
move to the next phase of project development, page-2
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