3 x resource, page-3

YRR announced same size resource as PMA, but at double grades than PMA today, and you call it pinhead in size ?....so you are calling PMAs deposit pinhead too..... here is an extract form PMAs last Windimaurra update a few weeks back...(no mention either of Tio2 or Fe in PMAs announcment unlike YRR today);


Originally discovered by PMA in 1985, Windimurra contained the largest reported proven vanadium Ore Reserve in the world with current mineable reserves of 98.2 million tonnes at a bulk grade of 0.40% V205 (vanadium pentoxide), which will underpin an initial mine life of 25 years at the proposed mining rate of 3.9mtpa. A total of 148 million tonnes of resources have been modelled at a bulk grade of 0.46%.
The Windimurra mine was built by PMA with a joint venture partner in 1999, and, whilst operating, was the world’s largest primary vanadium mine, and gained recognition as one of the highest-quality sources of vanadium in the world market.
Since 2003, world demand for vanadium and the price of the commodity have increased strongly, largely driven by growth in Chinese steel production. Marketing studies commissioned by PMA forecast that vanadium demand will continue to increase through 2015 at a compound annual growth rate of 7.8%.