I think the numbers will absolutely make very very good reading for Todd, when they do their projections.
They've got better grades and 4-5 times the resource size (used in our DFS), from memory (lazy Sunday, can't be bothered digging out the figures). Which puts their project at around the $20bn mark at a rough guess.
But, are they really likely to go full steam ahead with a TiVAN plant, without it being proven first?
It would be a ballsy move to do so, and they certainly have the cash to get it going.
Too much of a stretch maybe? They are all "known and proven processes" that TiVAN incorporates, and if there are production and quality guarantees from SMS, then what would be stopping them?
Perhaps SMS could build 2 at the same time, for economies of scale :-D
It's been a very perplexing year as a TNG holder. I think if there was going to be a big sell off, it would have happened right away after the AGM.
Which probably means the majority of holders have faith in the project succeeding ...
I'd be sitting on a hefty loss selling out now. So I'm going to sit on my hands and cross my fingers. Not the best investment strategy in the world, but I still have faith we'll be richly rewarded (eventually).
TNG Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
