ENV 0.00% 1.9¢ enova mining limited

Just a point of clarification, I'm not expecting...

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    Just a point of clarification, I'm not expecting they'll have titanium in the mix, the RSM ground from memory is mostly pyroclastic materials, so it is different from what ENV appears to have. It does have similarities in that it's on the outside of a volcanic central point which maaay be the neighbours ground, and not inside a Caldeira type complex which would be more prone to accumulating rainfall and concentrating weathering. Metallurgy, we will have to wait and see, I don't see it being better than the neighbours; the key questions are whether the metallurgy and grades are economical. At least half of the holes showed no sign of improving grades at depth that might mean the actual ionic body could be deeper down, or that the metallurgy is highly variable, I.e. where the grades are more or less linear it could be also much less ionic. A whole bunch of risks to consider there. Anyway, my two cents worth I won't bang on about it. One doesn't have to be on every single Brazilian play.
 
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