Pretty much as expected... modest grade at best (other Wim style deposit MRE all at 4% THM or higher but much, much larger) fairly thin and high strip. Problem with ACDC is it all hangs on both RE prices going for a substantial run (because the TiO2 and Zirc won't carry it alone) and that there are half a dozen very large deposits all ahead on the starting grid. If they all get up because the RE prices lift and stay high and all the projects are developed (including ACDC) then zircon bi-product will probably be way over produced the zirc price will crash and the projects become economically challenged again...
Trouble with juniors at cash backing but very little hope of development this side of the second-coming, is that cash disappears quickly like mineral sands through the hourglass.
Pretty much as expected... modest grade at best (other Wim style...
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Mkt cap ! $2.991M | |||
| Open | High | Low | Value | Volume |
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