Originally posted by Process1
If you look at TNO chemical analysis table from TNO previous announcement, there is no SiO2 and they mentioned magnetite but they did not mentioned what they have Fe2O3 or Fe3O4?
During the separation and extraction process if you have magnetite you have use much more energy and complex processing equipment. Because of much more impurities, you cannot produce high grade vanadium. It more costly to produce the concentrate of vanadium.
TNO need to produce much more detailed information about their vanadium minerals and their chemical combination.
I think most of the high grade magnetite type of vanadium mine contains very high level of Fe2O3 or Fe3O4. Anyway I don't want to discuss these two at the moment.
AVL sp is only influenced by the option price. The sp will go even higher after the option maturity with better cash position. So why investor who sold AVL do not buy TMT at the moment? TMT have similar mine as AVL but much more cheaper. TMT have very good financial position and low number of floating shares.