I just spotted IRC recently and took a small position.
Has a resource of Mo and V (Molybdenum and Vanadium) whose in ground metal value is a staggering $900Bill - that's right $900 Bill... not million. Think of Olympic Dam proportions - that's what we have here.
The V and Mo grades are just under WVL's vanadium and MOL's molybdenum grades and will be produced as co products. I think the feasibility study is a few months off... and they are trying to patent the production process they are developing to coproduce the 2 metals.
RIO is pegging ground right next door so sees the potential here - and may have to use IRC's proprietory process.
IRC also has a 13% holding in RWD .. which is worth a fair bit. .. so its Mo V project may only be valued at only $20 mill this may be worth a small punt ?
ZGM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held