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11/01/12
21:36
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re: Ann: First Ferrovanadium Production - Win...
Good news, as a mile stone and well done for getting there.
Pritty picture but were are the details.
Like how much FeV did they produce ?,
How much holding stock have they got in the plant?
It's one thing to have a batch of FeV, but what rate is sustainable now, and what's the target in 3 months?
What's the Cash burn rate while the "engeneers" work on the "ramp up".
How much money is at hand for a 12mth ramp up? as it is going to be costly, with all the "engineers" around.
The 25mil will all but be gone, if ATI is not at 10t per day in 2 months, there will be another raising needed?
The "Iron Ore Fines" the rebadged "Calcine tailings", yes they have Fe, but how much Na and Ti and soluble V go with it.
Has the calcine been washed, and is it fit for transport?
This is the info we should be getting out of an ASX company.
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