GREY:ARGEF - Post by User
Post by
MolyMadeMeRichon Oct 24, 2011 11:14pm
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Post# 19177920
Interesting comments..
Interesting comments..Argex’s La Blache project is coming to fruition at a very opportune time. Most of the value at the La Blache deposit is in the TiO2. Based on Argex’s research, the TiO2 market is presently characterized by increasing demand, but not increasing supply. This has been confirmed to us by end users of TiO2 whom we have met. Consequently, prices have increased in the past couple of years and are projected to double by 2015. This coincides with the Company’s timeline for initial production of TiO2 from La Blache.
Could we see a offtake agreement for funding?
It is important to note that this process produces a TiO2 product that ranks very high in terms of purity, brightness and colour. These are important criteria for eventual customers of Argex’s TiO2. Argex believes that its process will enable the Company to command premium prices for its product.
If the scoping study delivers the positive results as we expect, I think we will see the production plant’s first module. Each module is expected to produce 60,000 tonnes of TiO2 and we are currently planning 10 modules. But some of the size and numbers of modules will be finalized with the results of the scoping study (PEA) that BBA is preparing
could get exciting around here?...GLTA...MMM$