OK SMS are stepping up big time....
Surely this has to move the SP particularly on the back of another V hopeful who've just released a scoping study with a Capex of $2.5B
SMS group to commence comprehensive FEED (Front-End Engineering and Design) for TNG’s Mount Peake Vanadium-Titanium-Iron Project in the NT.
• Mandate encompasses the Mount Peake mine site Concentrator, the TIVAN® Processing Plant and all associated plant and equipment.
• In addition to the FEED of the process, plant and equipment, SMS group’s scope will include providing a proposal for full procurement and construction including the balance of plant and equipment to be provided on a turnkey, single-source, fixed-price EPC basis.
• SMS group will provide to TNG production quantity, production rate and product quality guarantees.
TNG Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
