Below is not financial advice and all in my opinion:
A whole 1 cents. The leverage is incredible - expires Dec 2020.
If you can sit on them, this is the ultimate contrarian play.
Minerals sands demand is growing above 3% p.a. Output is declining worldwide - see Iluka presentation -2017.
This will cost very little to prove up - past WMC holes amounted 1,100 holes - little to no guesswork with hopefully grades surprising on the upside.
This is an opaque market but at least it has history - unlike the lithium, cobalt and vanadium hopefuls. Skewered to GDP growth which arguably is taking place right now.
And is part of the world's largest deposit of ilmenite - Corridor Sands.
Google Corridor Sands as gizzard suggested and be prepared to be blown away.
MRQ Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held