TNG (ASX) Can We Move On

Originally posted by Ajinomoto ↑

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.

http://www.tngltd.com.au/images/tngltd---eerie.pdf

While we're throwing this around - here's the original FeV scoping study that Snowden complied back in 2011 (the same year that METS and TNG lodged the first TIVAN patent). This was obviously well before the Woojin BoA and associated tech sharing agreement.
METS' earlier SS assumed 4700 tonnes per annum of FeV from a 2Mtpa operation so using current production figures and ignoring all optimisation and the numbers get pretty damn close to your $26B.

Years 1-4 (3Mtpa) @ 7050t PA = 7,050,000kg @ US$109.50/kg = $0.77B per annum
Years 5-17 (6Mtpa) @14100t PA = 14,100,000kg @ US$109.50/kg = $1.54B per annum

So LOM value of a dedicated FeV strategy would be in the vicinity of $23B

Now either our friend Paul Volant has used a VERY old slide for his presentation or the game plan has changed. If the plan has indeed changed then at least we know that SMS will have absolutely no problems helping us out with a simple electric arc furnace - KfW/ECA funded too!.

Here's a snippet from the old announcement linked above.... (note the relatively low CAPEX and OPEX)

If PV hasn't messed his presentation then confirmation from the company and a revised, revised DFS would really put this project on everyones radar. The numbers would be massive using even conservative commodity pricing.

Expand

All 3 products raw value - No Fe-V with current Vanadium prices AUD$2.3B per year T/O for 6MTpa mining operation

With Fe-V AUD$3.3B per year

That is 23 or 33 times the current market cap in annual revenue Per year.
If they only return 3-5% of this to holders that will be 100% of your investment at this MC of under $100M per year.

Still think the NPV is $4.2-$4.9B?

I don't think kfw, SMS, Vimson or the TNG BOD do.

MLS

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

INA

Imugene kicks off Australian trial for blood cancer treatment

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MLG

All 3 products raw value - No Fe-V with current Vanadium prices...

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Imugene kicks off Australian trial for blood cancer treatment

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Universal Biosensors flat despite fresh deal with US medical product distributor

Flynn Gold reaches milestone exploration target for Golden Ridge

All 3 products raw value - No Fe-V with current Vanadium prices...

Top Stories

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Imugene kicks off Australian trial for blood cancer treatment

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Universal Biosensors flat despite fresh deal with US medical product distributor

Flynn Gold reaches milestone exploration target for Golden Ridge