Ann: Boardroom Radio Broadcast - Mr Paul Burton, page-54

The Scoping Study from another peer & this recent one, show just how important TIVAN is IMO.

One has lower grades, the other higher, one higher CAPEX, the other lower but higher OPEX, in both cases the final cost of production (per lb) is higher to the point that TNG with a TIVAN processing plant will be seriously disruptive.

Both further reinforce this company is a solid speculative play being systematically de-risked.