I was referring to a DSO operation.
TNO has in concentrate grade of 2.09% average and a lower layer in concentrate grade of 2.2%.TMT has a 1.3% concentrate grade. See latest presentations. So it's not rubbish. Maybe not quite double the grade but not far off.
If TNO can pull off a DSO operation the price is going to skyrocket. TMT just doesn't have a high enough grade to consider DSO.
Bushveld operate ~200kms from TNO. They have a ~$900 million market cap. Operating sensationally. No signs of instability for them.
Electricity sub-station 15kms away from TNO, Rail 25kms away and a dam 15kms away. Doesn't get much better.
Good luck with your 160km gas pipeline.
