From memory @Sparra35 they will do something similar to what they have done at Mt Marion, reduce risk to NMT by divesting interest in the project at the development stage. So if this project is developed expect the off take partner and a third party to help build the mine.
From above the project currently has 47.2Mt at 22.2% TiO2, 0.63% V2O5. What's interesting to note it that there are lots of vanadium hopefuls listed on the asx with similar vanadium grades but this project has been marketed at a titanium project because of the higher titanium content. This is a bonus for us, however both vanadium and titanium are almost at there (correct me if i'm wrong) 20 year low. If they brought this mine online i'm unsure how it would affect the market or how profitable it would be.
Project could still be economical, and iron ore is picking up. We'll see.
From memory @Sparra35 they will do something similar to what...
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