TITANIUM CORPORATION INC.- The Next Major Mining Play Message Board

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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play

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To: Bruce Robbins who wrote (275)	9/1/2000 6:14:08 PM
From: russet	Read Replies (1) of 343

Hi Bruce, Could you comment on the Kwale Tiomin deposits in Kenya? http://www.siliconinvestor.com/readmsg.aspx?msgid=13632193 The substantial reserve base of high grades of rutile, ilmenite and zircon in the Kwale deposit will support a mine life of at least 14 years. During the first six years of production, Kwale will produce over 300,000 tonnes of ilmenite, 75,000 tonnes of rutile and 37,000 tonnes of premium zircon annually. Based on current commodity prices, Kwale is expected to generate approximately $47-million (U.S.) ($70-million (Canadian)) in annual cash flow. They drilled off the sands, and are still securing marketing agreements to sell the stuff. Financing for the project will not occur until those agreements are signed I believe. Would you say they are overpriced as well?

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