yeah the leucoxene is considerably higher than most other deposits. but low on rutile (so far anyway). probably everything to do with the saprolite hosting nature of it.
as I mentioned in point 1 - its going to be literally an unprecedented justification to move forward with a Ti operation AFAIK. because high luecoxene/low rutile is, from what I can see, uncommon.
but if this Leicoxene is on the higher end of the grade scale, say 85-90% Ti, at 5% (which significantly higher than most other deposits), it may well pave a way forward.
even lower grade leucoxene at 70% may still be worth it?
it'll come down to point number 2 - cost effectiveness of separating the minerals.
imo this announcement derisks the project somewhat. it's an addition to the original discovery.
all just my opinion. don't take advice from strangers, kids.
PTR Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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