correction..mine is supposedly 85% completed. see below. ATI will gain 62.5% interest in the mine. Nice way to jump straight in close to a producer status. Will need to raise the cash to complete the project though but I think it looks promising. Vanadium prices are rising and its a good time to be moving a vanadium mine close to production. A good article to read for those interested in Vanadium prices. I think supply will continue to tighten and demand rise hence why I'm on the train.
"Windimurra Vanadium Project The Project is located 600km north-east of Perth, Western Australia near Mt Magnet.
The Project is owned 100% by MVPL and the plant and mine is at an advanced stage of construction (estimated to be 85% complete).
The Project hosts one of the world�s largest known vanadium deposits. The current owner of the Project has previously stated that the current JORC-compliant reserve at Windimurra is 97.8 million tonnes at 0.47% V2O5. The Project site is close to existing infrastructure and will be serviced by the Midwest gas pipeline and existing on-site power generators."
ATI Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
