I've been trying to compare Coburn with Thunderbird, it's difficult with the variable forms of data that the companies release (and promote or downplay depending on what they have...).
Sheffield has a far bigger insitu resource, and higher in-stu grade, which are the most obvious advantages they have, and yes these are of course important.
But Coburn also has many advantages that the market seems to be ignoring:
Good luck long-term GUN/STA holders, things are on the up
- Very high heavy mineral (HM) assemblage zircon, chloride grade ilmenite and HiTi (much higher than Thunderbird)
- Very high VHM composition of the HM (much higher than Thunder)
- Mineral with low impurities/contaminants (possibly better than Thunder)
- Very low 'slimes content' resulting in low slime handling cost (much lower than Thunder)
- Very low 'strip ratio' (better than Thunder)
- Key project approvals already in place including environmental, native title, heritage & mining proposal
- Lower capex than Thunder
- Etc etc.
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Ann: Fungoni Mining Licence Application Update, page-17
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