Not sure if this has been posted already
illion Dollar Corporation Invests in $15M ASX Resources Play at Massive Premium... International Equity Analysis Firm Values Same 18c Stock at up to $8.
extract.....
But does Syrah really have that much more vanadium than RTA?
No... it has less!
Syrah's total JORC is 1.15 billion tonnes at 0.23%... a bit more than double the size, but less than half the grade...
Do the calculations on those tonnages and the accompanying grades... you'll see that RTA comes out on top for actual contained vanadium.
Glencore has an insatiable appetite for vanadium.
The highest grade vanadium deposit in the world is believed to be Largo Resources' Maracas project in Brazil, which has total reserves of 17.2 million tonnes at 1.44% vanadium.
It is exp[ected to commence production later this year...and Glencore has already signed a deal to hoover 100% of production for the first 6 years.
Where will they look next, especially if Syrah knocks them back?
http://http://blank.org/.com/articles.html
vanadium, page-46
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