My understanding of RVT's project being an oxide deposit. It is...

My understanding of RVT's project being an oxide deposit. It is like that the nature has already roasted it over a long time. Thus it enables the company to do directly acid leaching production. Yes I also note that the cost of production as from their PFS of 6.30 is higher than the other titanomagnetite V projects. It is very difficult for me to understand that as the much simplified flow sheet did not translate into open saving. Capex saving is logical although the low number is linked to oversea(3rd world country) refinery arrangement. When they move the refinery to Onshore I expect the capex will increase (I would not call that a blow out) but not as high as the titanomahgnetite Capex because of no roaster required. The only logical reason I can think of their high unit cost is that RVT was private and the PFS was done prior to listing. But that is pure speculation.