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Ann: Fungoni Mining Licence Application Update, page-18

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VVX565

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21/08/18

10:16

Post #: 35055878
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Originally posted by no-idea2016 ↑

I've been trying to compare Coburn with Thunderbird, it's difficult with the variable forms of data that the companies release (and promote or downplay depending on what they have...).

Sheffield has a far bigger insitu resource, and higher in-stu grade, which are the most obvious advantages they have, and yes these are of course important.

But Coburn also has many advantages that the market seems to be ignoring:

Very high heavy mineral (HM) assemblage zircon, chloride grade ilmenite and HiTi (much higher than Thunderbird)

Very high VHM composition of the HM (much higher than Thunder)

Mineral with low impurities/contaminants (possibly better than Thunder)

Very low 'slimes content' resulting in low slime handling cost (much lower than Thunder)

Very low 'strip ratio' (better than Thunder)

Key project approvals already in place including environmental, native title, heritage & mining proposal

Lower capex than Thunder

Etc etc.

Good luck long-term GUN/STA holders, things are on the up

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STA Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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