From the recent 10 hole assay results, anyone notice the super high grade TiO2% ?
Ecxept the high V2O5
GRC0162, 16m at 1.31% V2O5 from 12m;
o GRC0163, 12m at 1.36% V2O5 from 36m;
o GRC0165, 13m at 1.24% V2O5 from 77m;
there are 16m at 69.08%TiO2;
12m at 69.08%TiO2;
18m at 59.58%TiO2
9m at 65.%TiO2
7m at 71%TiO2
8m at 76%TiO2
13m at 64.66% TiO2
17m at 57.4% TiO2
34m at 49% TiO2
.........................
55%TiO2 are sold at USD $300-370/t at the moment, I wish YRR can source some DSO this time.
"In April, TiO2 prices averaged $2,500/tonne CFR (cost and freight) Asia, about 40% lower compared with the record high set in the same month two years ago at $4,150/tonne CFR Asia, according to ICIS data."
TiO2 price is still higher than Zinc, great to see YRR intersected up to 76%TiO2!
http://www.icis.com/Articles/2015/0...-consolidation-may-prompt-price-recovery.html
I work out average 40% TiO2 for first 10 hole, which is significantly higher than existing
Inferred Mineral Resource1 of 125 Mt @ 0.70% V2O5, 8.64%TiO2, and 32.6% Fe
(20min delay)