From the same conference, under the management interview section:
What is the focus of your management team in 2015/16? What are the key milestones you are looking to reach over the next year that you think will add value to the business?
TNG is currently in initial discussions with parties interested in providing financing for the Mount Peake Project. WOOJIN and other Korean and international groups are currently reviewing both pre-production finance to and investment in, TNG or the Mount Peake Project.
TNG recently completed a Definitive Feasibility Study (DFS) for Mount Peake, confirming a potential world-class project capable of generating outstanding returns. Key findings of the DFS included life-of-mine net cash flow of $11.6 billion, a pre-tax IRR of 41% and an NPV8 of $4. 9 billion (see ASX Announcement – 31 July 2015). The DFS forecasts Mount Peake’s nameplate capacity at 17,560tpa of high-purity vanadium pentoxide (V2O5), 236,000tpa of titanium dioxide (TiO2) and 637,000tpa of pig iron.
TNG Price at posting:
17.7¢ Sentiment: Hold Disclosure: Held
