RE:RE:RE:Iron oresales vs Ti pigmentsst_esteban wrote:
@kha my question relates asmuch to my perception of management as to the value of the tailing stockpiles.
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My understanding is that thestockpile has a high contain of iron ore and alsoTi. I don't know the steps to produce either one, related costs and logistics when dealing with a high volume of raw material, etc
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st_esteban wrote:
If I recall correctly in one interview Paulomentioned that the current stockpile had a13% content of Ti. He also said that the revenue from extracing Ti and creating pigmentswill be equivalent to the revenue that Largo generates from V.
1) Largo's iron ore product / stockpile is relatively low grade with elevated titanium content subject to penalties. So Largo can only sell it iron ore at a discount to the benchmark 62% Fe ( currently at ~US$190/MT as per Roskill)
2) Ti is not extracted from the iron ore stockpile. They come from 2 different tailings. Ilmenite/Ti is extracted from Non-Magnetic Tailings and Iron ore
from Leached Calcine Tailings. So selling the iron ore product / stockpile has nothing to do with extracting Ilmenite/Ti.