Originally posted by AAbatteryboy
Did you really just use transportation costs of iron ore to support an argument about vanadium pentoxide? Righto.
TNO is excluded from every global peer comparison because they don’t have a JORC resource. The SAMREC resource has almost an almost identical, albiet slightly lower, grade as TMT. Twice the grade is a rubbish comment, not to mention TNO is in one of the most politically unstable locations in the world.
I was referring to a DSO operation.
TNO has in concentrate grade of 2.09% average and a lower layer in concentrate grade of 2.2%.
TMT has a 1.3% concentrate grade. See latest presentations. So it's not rubbish. Maybe not quite double the grade but not far off.
If TNO can pull off a DSO operation the price is going to skyrocket. TMT just doesn't have a high enough grade to consider DSO.
Bushveld operate ~200kms from TNO. They have a ~$900 million market cap. Operating sensationally. No signs of instability for them.
Electricity sub-station 15kms away from TNO, Rail 25kms away and a dam 15kms away. Doesn't get much better.
Good luck with your 160km gas pipeline.