There is a huge difference between TMT and Largo Resources. Largo produce a vanadium magnetite concentrate over 3% V2O5, the highest in the world. The vanadium magnetite concentrate which TMT produce is around 1.2% V2O5. Because of that difference alone the economics of the two projects are light years apart.
What does this mean? At what stage is the so called "concentrate" produced? First pass of magnetic seperator? Why is it so important?
Ann: TMT Investor Presentation - March 2019, page-11
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