"The jointly owned “VanadiumCorp-Electrochem” processing technology (“VEPT” describes a novel chemical process invented by Dr. Francois Cardarelli that addresses the recovery of vanadium, iron, titanium, and silica feedstocks such as vanadiferous titano-magnetite, iron ores and concentrates such as magnetite and hematite, vanadium containing wastes such as BOF-slags, and other industrial by-products also containing vanadium."
We have no idea of their costings at this stage of course.
Who else could Ultra go with, who has a commercially proven process to hand?
Maybe if the mine and TiVAN's "Potential Construction" earmarked for 2015 had happened, competing technologies wouldn't even be a consideration 4 years on ...
No wonder there are so many irritated investors in TNG. We've suffered well over 5 years of unmet expectations, CEO naivety, miscommunication and bad management.
This show really has to get on the road this year, in a big way.
The major positive is we are cashed up, have new Senior Management / experienced Chairman on board, the backing of one of the world's leading investment banks, and have never been in a better position to see this project through as we are today.
TNG Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
describes a novel chemical process invented by Dr. Francois Cardarelli that addresses the recovery of vanadium, iron, titanium, and silica feedstocks such as vanadiferous titano-magnetite, iron ores and concentrates such as magnetite and hematite, vanadium containing wastes such as BOF-slags, and other industrial by-products also containing vanadium."
