RE: Value17 Jul 2019 10:43
the company holds unfettered rights to 56.4 million tonnes of magnetite ore, which the JORC compliant mineral resources demonstrates hold 1.4 billion pounds of Vanadium (the equivalent to four times annual global demand),
27 million tons of high purity iron in situ and 8,3 million tonnes of titanium. The project ore body is near surface, enabling simple, open cast mining. The current resource does not include mineralisation on the Luge Farm prospecting right which is near to the current JORC resource and which is yet to be defined but is believed to have the same geology.
The company believes that given the potential size of the resources that a sale of the company's mining rights may be in the best interest in the development of the project and the highest value to shareholders.
it's going to be big, and with a mkcap of only 4.5,m, News here will see this multibag in a flash.