Hello. MEU = unlikely. PTR is in a full blown sediment basin; where the sediments have eroded from the hard rock hills into the sediment basin. MEU, despite its attempt to refer to sediments, appears to be in the hills.
PTR is unique. It is not typical HM Mineral Sands, which are ocean/sea/beach created ("placer").
PTR is hard rock "anorthsoite" eroded into sediments, where the iron content has been favourably leached out in that erosion process.
There are some low grade deposits like this in the USA but, as i said, very low grade. PTR appears very high grade.
PTR Price at posting:
35.5¢ Sentiment: Hold Disclosure: Held
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