Ann: Gabanintha Pre-Feasibility Study and Maiden Ore Reserve, page-123

After reading your lecture notes, I was taken back to my Cost Accounting classes at Uni. I was triggered like a Vietnam vet hearing a chopper.

Interesting you say I am uninformed or just making stuff up.

Because you then go on to say:
"TIVAN can be used on any titano-magnetite ore body... I believe".
"BBI (Todd Group) are apparently getting great results"

No facts. Just possibilities or suppositions.

The fact is the only V pure play miners, Largo and Bushveld, are not using TiVan despite having similar ore bodies to AVL.

Further, according to an ASX announcement TNG and Todd Group signed a HoA in mid-June to "evaluate the application of the Tivan process".
https://www.asx.com.au/asxpdf/20180612/pdf/43vpv5cljqtdp2.pdf

Are you saying, within 6 months, the Todd Group has implemented the Tivan process and are now producing V? Or are you saying they are doing some lab tests?

Can you show me where TiVan has been implemented and in full scale production anywhere in the world?

Imo, new processes are great. My preference is not to invest in a 'guinea pig' style experiment with hundreds of millions of $ at stake. My preference is to follow the tried and tested path. Why? Less risk. TiVan today reminds me of HPAL and Murrin Murrin. HPAL was promoted as an innovative process etc. The early application was expensive and time-consuming representing the risk of being an early adopter.

As someone who posts almost exclusively on TNG, are you able to shed light on the cost per lb of vanadium? My earlier post said I am eager to learn about this if anyone knows. If you know, can you post a company or ASX related link to the information? Thanks in advance.

Good luck with TNG.