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Anyone know how much ilmenite sells per ton? I can't seem to find any up to date info. Maybe about $150+? Alba have 1.9million tons. With a load more to be found under the permafrost. Is it just me who's a little underwhelmed by ilmenite? I think iron is where the money is. Correct me if I'm wrong please!!
Funnily enough I read that First Equity report earlier on today. The gold was valued at around 3 million, whereas the stake in HH 11 million. The gold was valued at 1% spot price then doubled for the welsh premium. So massively undervalued.
Based on reading that, I'm now all in. God help us.
Okay, I have calmed down after that placing RNS from the other day.
My reasoning is that Alba will look pretty stupid if they release good assay results along with a good bit of media only to then hand out the begging bowl a few days later saying they can't afford to do anything with what they have.