Management Comment
TNG’s Managing Director, Mr Paul Burton, said the work being undertaken with SMS group represented a
potential game-changer for the Mount Peake Project.
“We have been doing a huge amount of behind-the-scenes work with SMS and all of our other consultants to optimise the operating costs of the TIVAN® refinery. We are delighted with the outcomes, which should result in a significant reduction in operating costs for all our products, de-risk the process further, expand the range of products to be delivered and allow further optimisations to be considered.
“The most fundamental outcome from this work is that we are confident of being able to deliver a very significant reduction in the overall pre-production capital estimate for Mount Peake, which was estimated at $980 million in the 2015 DFS. While it is not yet possible to quantify these savings, we expect them to have a significantly positive impact on the project’s economics and our ability to complete a suitable project financing package.”
Very Significant would be $50m plus. Lots of news to come including IP sharing and what extra $ that could be worth. IF TNG was about Lithium we would be $5 with the hype
TNG Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
