Originally posted by Sharetrader78
Yes, I personally think with the delays we have seen from the overwhelmed workloads at the WA Assay Labs IRC been using, the 1moz JORC will be unlikely to be crossed till 1Q19 ..
Still, I'm in IRC as a long-term HOLD till 40-50c+ T/O a couple of months late isn't the end of the world
Has anyone been following KRC today I see they have come out with a Very high 2bill CAPEX for the Vanadium project, Shares crushed down near 40% ..
Good to backing the likes of IRC -- JP and team go about the exploration/mining/development business from a much smarter angle hunting for free-cashflows an J/V out no core projects ..
That's where our Julia Creek project will potentially be a winner as it has the possibility of shipping a concentrate as there is a railway going right past the tenements. Shallow, soft easy digging. Real possibility of a low capex operation and that's why AXF has come on board imo. If they can get a concentrate of 1.5-2% it's most likely a goer.
https://www.vanadiumprice.com/
$33.90US per pound, that's over $100k AUD/t at 1.5% = $1500 a tonne and well worth the cost of shipping the concentrate.