These results are better than I could have expected in my wildest dreams.
The testing zone was the southernmost portion & every hole intersected V2O5 at greater than 1%
The mineralisation thickens towards the north & in those holes, they're expecting a doubling of the mineralisation thickness towards 30m.
The company is clearly bullish on the results given the grades as they're comparing themselves to Largo Resources Ltd (overall resource grade of 1.01% V2O5) in the ann who are Canadian listed & have a mkt cap over 200m !!!!
I liked the paragraph about the medium grade vanadium mineralisation zone (above the massive magnetite zone) being sufficiently mineralised to have a "materially positive effect on the potential project economics"
There is also cobalt in the mineralisation (200-600ppm) which further improves the economics.
The market will like this very much & will very much look forward to the next set of results
TMT Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
