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Gold/Mining/Energy : TITANIUM CORPORATION INC.- The Next Major Mining Play -- Ignore unavailable to you. Want to Upgrade?

To: Winzer who wrote (151)	11/11/1999 1:12:00 PM
From: rdww	Read Replies (2) \| Respond to of 343

Well I'll start with a summary that I posted little while back. Does NAR have a contract for the offtake ? not that I've seen anywhere.In reading between the lines though - I would suggest that there is a suitor looking very hard. "Titanium Corporation is proceeding with a viability study with Royal Dutch Hoogovens, which is evaluating the processing option of introducing an iron/titanium feed into the Sidney Steel Corporation processing plant, currently under management of Hoogovens Technical Services. Royal Dutch Hoogovens has recently announced plans to merge with British Steel, with the resulting company representing the world's third largest steel manufacturer. " This is taken from the last NR. Hoog's seems very interested in the Sysco smelter. Heck - they're the operators right now. Then we read in a NRL NR that they (Hoog's) are interested in NAR's heavy minerals. The sands from the NAR site get broken up into a variety of forms - but what would /could be shipped to Sysco is the ilmenite and magnetite and some etc stuff, which produce a slag and pig iron. Now putting the pie together even further - Hoogevans is set to join forces with British Steel. So I see a number of alliances that will come together (I hope) one day and then we'll see some contracts. Right now though - I'm just joining the dots together + looking fwd to a good review of the met work . These projects are about grade, cost + mkt. The grades appear to be coming in w/in the stds and suggestions about the grade being more than suffieicent to start an operation are encouraging. The floatation work will be nice to have as it will give the recovery %'s to back up the heavy content and we could be off and running. Chevy has talked about the mkt (Tio2) - there is a problem with supply for titanium w/in the next couple of yrs. Great timing for this project. This one will be easy to start up. Infrastructure is there, operation is simple and the deal (hopefully) w/ the Sydney smelter seems to make a nice fit for a bunch of people (if it happens). The gov't wins, smelter gets going, people stay employed and more get employed via the NAR deposit, NS collects more taxes as well. Cost - as mentioned above - the infrastructure is there and there is no need to spend a 1/2BB $$ for a smelter or arc furnace, no ramps deep down into the bowls of the earth, close enough that the workers can drive home every day. Heck - if this works out as they are envisioning, they take a big vacuum cleaner to the surface sands and down 15? feet every day, sift out the heavies, and ship off the heavy minerals. It will be nice to have the deep drilling started/done so that we can see if the grade gets better at depth. This seems almost a given - but a deep drill will put the stamp of approval on this idea and really solidify up the positive aspects of the project. Now if only this darn selling would stop - or if I had more cash! will be nice to get