HRZ 8.33% 5.2¢ horizon minerals limited

Ann: Intermin Announces World Class Vanadium Resource, page-61

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  1. 1,238 Posts.
    lightbulb Created with Sketch. 273
    so is this a V2O5 deposit or an oil deposit? which has the great value - with 60-75l/t oil maybe oil will dominate the cash flow?

    clearly this deposit has been known about for a lot of years and yet it is still in the ground why? without going into too much detail I can guess;
    1/ that the oil is a problem to separate
    2/ regulations for mining are onerous
    3/ -38um (0.038mm) is extremely fine therefore tough to process
    4/ capex is high and bankers are (were) not prepared to take the risk

    I'm not wanting to rain on the parade, but these are just a couple of things that I can see need to be overcome before we get really excited.
 
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