"SCALE Magnetite processing is capital intensive and demands a world class iron resource in excess of 1000 mt."
TRH doesnt need to find 1Bt, there just needs to be 1Bt within the area.
As I understand it, SXG, POL and Cliffs all have tenements in the Johnston Range area . . that critical mass of mag could be reached through some wheeling and dealing.
"The Dream" would be to spend $1-3m, find 400-600mt and flog it off to a neighbour for $xxM . . at which point I'd be well ahead. The money would then be spend on Potash drilling and development, which would allow me to semi-retire.
Dreams are free ;-)
TRH Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
