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Join Date: Feb 2006 Posts: 2,805 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 __________________ Note: I am not a Financial Adviser, nor are any of my posts intended to be financial advice, they merely express my own opinions Reply With Quote
