RE:The Ilmenite project To date the ilmenite project has cost us almost double the $25.2M original budget to deliver a production capacity of about half of the planned 150,000T after one year behind schedule.
And the 2024 Guidance still shows US$3.2 - $3.8M of capex for the ilmenite plant in 2024.
I have to give credit to the management team for succeeding in training us so well that we’d feel ecstatic when they grossly underdeliver as long as it was not a total loss like the iron ore fiasco. Mediocrity should be celebrated because even a tiny something is still better than nothing.
