The price of Ilmenite is rising, page-2

How can you continue to misunderstand and misrepresent MRQ's deposit products/value? Note you changed your image from a barbarian to what looks like Jesus... your not trying to channel Jesus i hope? In the words of Monty Python, he's not Jesus, he's just a very naughty boy.

I'm not sure where IMA got their 'benchmark' prices from (no reference in presso... more naughty) but those prices are a million miles from reality of what IAM or any other producer is receiving. More reputable sources include:

BSE actuals for a 48.5% Sulphate quality ilmenite (similar to what MRQ met work produced) last 6 months has sat at $225/t Ilm (highs going back almost 10 years). This chart is late Feb'21 and backed up by March Qtrly discussion. Even premium high-TiO2 chloride route Ilm is nowhere near US$330/t... maybe IMA meant AUD prices?


ILU are getting the same $1200/t for rutile they were last 9 months, this from the Dec Qtrly with the March Qtrly saying rutile price in line with Dec Qtr....


SFX aims to produce a similar 50% TiO2 sulphate Ilmenite from TB, and their latest report put up round US$200/t price for it assuming a slight pull back from recent shortage driven highs. SFX will be producing 500,000tpa of 50% TiO2 sulphate Ilm Stage 1 rising to 1Mtpa Stage 2 btw, no small amount despite being zircon revenue dominant.

Why would I be bitter towards MRQ just because I hold SFX? MRQ is irrelevant, and company whose MC agrees with my opinion it will not be developed in a very, very long time if ever. There is a tidal wave of sulphate ilmenite, converted to chloride slag, coming to global supply and it will wash away any lingering hopes for Corridor that haven't al\ready withered on the vine imo. It doesn;t make me happy to see it, but it certainly doesn't make me bitter to watch it. My view is very much 'don;t ask for who the bell tolls'... we're all speculative investors and losing money is a painful exercise one bad decision or bit of bad luck away.

"US$300 for <50% TiO2 ilmenite"... I'm going to nominate that post for the HC Worst Ramp Award.