ENV (ASX) Ann: Phase 1 drilling program commences at CODA

Originally posted by watchthisrise: ↑

Regarding the assumptions on nearology to Resouro- Tiros:
Are we going to focus solely on the most negative points we can possibly find, or can we focus on the positives too? Just saying.

Just because ENV is 30 km's from one of the world's largest undeveloped high grade IAC ree deposits, with one of the world's highest titanium grades, that doesn't necessarily mean ENV will have the same..... But maybe.

What other assumptions are we going to make?

How about Araxa, which is 90 km's S/W from Coda South and is the largest REE producer in Brazil (and also the main Niobium producer)

From page 19 of the below link.
https://www.sgb.gov.br/pdac/media/critical_minerals_potential.pdf
Another good post here also on nearology with ENV
https://hotcopper.com.au/threads/env-the-next-bemisa-iac-ree-giant-of-1-bt-is-forming.7869306/Oh, but wait a minute, look what's next door.

The fact is, ENV have verified very high REE grades at Coda North through historical assays, so it's just the beginning.

Looks like a 60 square km REE Monster deposit in the making.

And we're at $11 M MC

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Originally posted by Scarpa: ↑

I agree with your post around nearology not translating to potential similarities to other projects - the historical results may give confidence that it is clearly worth drilling, but what is there only time will tell.

My posts for example were not making any comparisons to what ENV may or may not have - only the drill bit will decide that They were specific to the TIROS project and what may or may not happen.

I was viewing the TIROS project as an intergrated project design unlike posters who yabber on that that project as essentially two separate projects and treated as such and then draw irrelevant conclusions. I suspect their process flowsheet will be designed to maximise efficiencies and costs. I also suspect the process flowsheet design will be done in a way to also utilise the 'discharged heat' required to get TiO2 into the REE capture stage of that process sheet as well to reduce costs thereof as well. Their scoping study is going to be very interesting given this type of project is new and what they design will be interesting from an engineering concept. If all they had was REE I would agree the economics might look a bit cloudy when compared to a traditional IAC REE but only a stud would have determined that but that is irrelevant anyway as they have a different project potentially anyway, but with TiO2 that opens up their prospects for achieving viability, in a very similar way that having an IAC resource opens up viability for MEI and VMM (compared to hard rocks) when they do their studies.

Slandering projects without having a clue on engineering design, and how different revenue streams can be incorporated into a project design, is misleading and that is what I told Mho.

I am also fed up with constant negativity been posted on here with people with clear agendas that their project is the only project worthy of been viable and to invest in their project. People know risks here - they can lose the lot if the drill bit fails and/or recovery of any payable minerals is not economic. I have posted here before and said if people want to reduce risk and have greater certainty on their investment in a REE stock they should be looking at MEI and then VMM (or both).

All IMO

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Ok so you're taking a huge risk and assuming it's viable based on some assumptions you made. Get it. You post nothing specific about how they will process it or if it's viable for REE or titanium.
You don't seem like you have a deep understanding of the flow sheet as you keep conflating the heating of the clay with average extraction as some benefit to extracting the titanium. It's just not related.