At the present price of 14c, TIR has a market capitalisation of $23,500,000.
They have $14,000,000 plus in the bank to put towards their commercial bio-heap venture, which was estimated
some time ago at 25million.
If they use the Carr Boyd Rocks resource, with an average grade of 1.5% nickel for the first pile of 1 million ton and recover 90% as they expect. That should give them 13500 tons of nickel, at an average price of , say $12500 per ton will give them a gross return of about $168,750,000. is this too stupid for words?
TIR
titan resources limited