Alan Green talks to Chief Commercial Officer Sapan Ghai. We look at the uses for rutile, the primary source for titanium oxide which has a multitude of uses including pigment for paint and medical products, aerospace, clean energy, welding and a host of other applications. Sapan then talks us through the the unique and huge Kasiya rutile project in Malawi, the take-off agreement with Hascor, and the graphite by-product before we look at the financials and the NPV8 valuation of US$861m. We wrap up with a view forward to upcoming value inflection points for 2022.