Originally posted by Propunter2
In the October 121 presentation Paul Vollant said the following :
we will also produce about 11,000 tons of Ferro vanadium ... that is a keycomponent to the steel industry the strengthening agent for steel and very high value I will discuss a bit later
This amount if 11,000T is close to their stage 1 projected production of 11,500T per annum or just over 95%
95% of 243,000T of vanadium is 230,000Tonnes of Fe-V give or take.
At a current value of US$109.50/kg
USD$26,608,500,000
AUD$36,811,529,000
https://www.vanadiumprice.com/
Seems to me like TNG just let the cat out of the bag folks as even the DFS did not mention Ferro-Vanadium production.
How can they not sell this to the public - these numbers are easily quantifiable.
TNG have got the technology agreement & offtake in place to do this.
TiO2, Pig Iron = bonus income.
That's interesting because as you say, there was nothing in the revised DFS (Nov 2017) about FeV economics or anything allocated for a BOOT downstream FeV plant.
I'm not sure if it's letting the cat out of the bag though, perhaps more of a case of subtly highlighting that we've now strategically gone full circle.
Those that have been around far too long will remember that FeV was always part of the strategy, the whole Woojin BoA encompassed a FeV technology sharing agreement and a commitment to take or pay a minimum of 60% of TNG's
"Vanadium products"
This old Hardman and Co. report is worth a read - (pages 3-6)
http://www.tngltd.com.au/images/tngltd---aeyeiciaho.pdf
Woojin BoA and technology sharing announcement
http://clients2.weblink.com.au/news/pdf_1\01659314.pdf
It's all clear as mud as usual.