Thanks wise one for the info .If the next set of results which I...

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toggs

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09/04/17

10:01

Post #: 23957976
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Originally posted by Wise_One ↑

Let's explore your comment in some depth.

TNG - yes, undoubtably they have world class partners.

TNG's resource is world class - the exact specifics are 160Mt (118mt Measured, 20mt Indicated & 22mt inferred) grading 0.28% V2O5, 5.3% TiO2 & 23% FE

For all that don't realize, their "TIVAN" extraction process just stands for Titanium & Vanadium... Its just a name. Further - they would have had to be on the cutting edge of technology for mining extraction to make a 0.28% grade deposit economical & they have.

Now - when comparing to TMT's likely resource... (this is where we speculate) but the performance shares kick in as follows:
- 10m @ 30mt inferred resource @0.8%
- 10m @ 20mt indicated resource @0.8%

With everyone making such a "ho-ha" about these being a fait complete in their EV calculations, one must take these in the below:
- Say 80mt resource with 30mt inferred, 20mt indicated @ 0.80% grade

TMT's resource is already better than TNG's (grade, inferred/indicated status).

Now onto the kicker credits - TNG's TiO2 is average grade of 5.3% (note this is world class)... TMT is looking like it will average over 9% (which will probably make it world leading)

Then the FE (which lets face it, won't be worth much - but let's compare while we're here). TNG ave grade is 23% - TMT targeting 60%

TNG EV - 110m
TMT EV - 4m

Over the next month or so, as TMT developes it's indicated & inferred JORC resource statements they will re-rate in an extraordinary way should they be received along the lines of my outline above.

Don't get me wrong, I'm not "bagging" TNG - im just pointing out that this market is all about risk/reward & I know where I would rather be.

TNG's project development is going to put Vanadium on the map in Australia, this will only be good news for TMT as the market awareness grows.

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Thanks wise one for the info .If the next set of results which I think we might get some results this week are as good or better you won't get in at these prices again .I also think that down the track we will be in partership with AVL as it would be a win win for both more so for AVL .I am thinking of buying some AVL. And put them in the bottom draw and see what happens .Once again thanks for your input keep up the good work TMT and RAP. We can't go wrong

TMT Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
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