The Resource at Gabbanintha seems to be greatly increased from that previously stated, viz: CommSec info - Gabanintha Vanadium (100%):This project is located 43km south east of Meekatharra, WA. Resources as at 30 December 2003 were estimated at 36.7Mt@ 0.75% Vanadium Oxide and 8.8% rutile.
Latest Company release 8/10/2007 - Indicated Resource of 92.5Mt grading 0.81 V2O5 and 9.81% TiO2 with 51.2% Fe2O3.
So why isn’t the SP going through the roof?
Maybe because someone got some info a little earlier. Two weeks ago (25 Sept) the SP jumped by 50% in the day. 0.02c to 0.03c. Totally out of the blue.
GPN Price at posting:
0.0¢ Sentiment: None Disclosure: Held