419mt minimum 59.9 percent grades mkt cap 15m, page-3

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Default Re: CNF - Continental Goldfields
Let me put the announcement into perspective


AXO Mkt Cap $250M+ JORC 100Mts'@44%Fe + 13.5%Ti02 + 0.64%V2O5


This deposit 419Mt's@55%-60%Fe + 1.3%-1.7%V205 + 10%-13% TiO2

So the deposit is alot larger, the Iron grades are much higher, the Vanadium grades are double and the titanium grades are similar


Couple this with the fact that they will be acquiring the Steel Plant and you really start to understand why this is a trun key project,

Oh and at these levels the mkt cap is $16m with $9m in cash and investments
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