Friday, May 26, 2023 9:20:43 AM
I guess is time to put some dollar number to previously posted titanium data.
Will use the previous post as reference:
The June 2022 technical study reports 4,221 kilotons of titanium. Or 111 kilotons of titanium per year (using the 38-year life expectancy of the mine). Increasing the recovery rate by 50%, would give us 166 kilotons of titanium per year, for our purpose we need to convert to KG, so that becomes 166,000,000 KG per year.
By increasing the purity of the titanium, it could be sold as titanium oxide, which sells in the neighborhood of $4 to $5 per KG.
So instead of the reported 88 cents per KG we would obtain $4.00 per KG. Very simply, our little gem would provide $664,000,0000.00 of revenue annually. (Instead of the $146 million used in the current technical study).
So now we have $1,336,500,000.00 (post # 96117) from the improved niobium production and the $664,000,000 revenue from the titanium.
In the past I have posted potential profits from the REE's. It is much simpler to arrive at revenues from them. That could very well be past $200 million revenue from the REE's alone. Then of course we have the Scandium. Need to work on that at a later time.
Just wanted show the gigantic possibilities form the Elk Creek mine. For the hell of it, I will say it again, only 60 acres are included on this report.
Expression of my opinion and calculations.
Have a great day!
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