GPN has currently a 37,659,000 tonnes of JORC grade Vanadium at 0.75% and the same tonnage of Titanium at 8.8%.
In other words, GPN has 282,442 tonnes (622,502,168 lbs) of Vanadium and 3,313,992 tonnes (7,304,038,368 lbs) of Titanium at the Gabanintha property. Assuming 2,204 lbs to the tonne.
GPN currently are conducting an airbourne magnetic survey for the continuation of the Vanadium strike at this property and will drill deeper than the current 50m in the short term.
I believe that GPN should have a report out shortly reporting on the results of this survey. There is no reason for the strike to not continue. GPN will further drill this Gabanintha property and will for certain increase the tonnage of Vanadium and Titanium.
If you take the above mentioned lbs of Vanadium and Titanium, you will come up with a huge $$ value in the billions, given that Vanadium has been up as high as US$25.00 lb and Titanium at US$0.50 lb in recent times.
There will be only two ways that you will be able to partipicate in this venture is to buy GPN on market or buy stock in the new IPO, company Yellowrock Resources Ltd ($3m capital raising). If you buy stock in GPN, you shall receive FREE shares and options (1 for 2) into Yellowrock. Read GPN report, dated 15 February, 2006.
Imagine the day that the holders of this Gabanintha property does a deal with a major company, such as Xstrata, BHP or Rio Tinto for the Vanadium & Titanium.
Also, where there is Vanadium there is Uranium !!!!
GPN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
