Overall grade on the lower end of scale comparing to ILU average of around 4%. But massive resource none the less.
Its ilmenite grade is exceptional though at 80.8% copared to ILU's at 40%. “The key feature of the deposit is that it contains over 40 million tonnes of chloride grade ilmenite. As such it ranks as one of the largest accumulations of chloride grade ilmenite in the world.”
MC of 20m and 12.75m cash and EV of 7.25m is pretty cheap for a resource of that size imo. dyor
