correction..mine is supposedly 85% completed. see below. ATI will gain 62.5% interest in the mine. Nice way to jump straight in close to a producer status. Will need to raise the cash to complete the project though but I think it looks promising. Vanadium prices are rising and its a good time to be moving a vanadium mine close to production. A good article to read for those interested in Vanadium prices. I think supply will continue to tighten and demand rise hence why I'm on the train.
http://www.proactiveinvestors.com.au/companies/news/6027/vanadium-and-steel-prices-to-rise-6027.html
"Windimurra Vanadium Project
The Project is located 600km north-east of Perth, Western Australia near Mt Magnet.
The Project is owned 100% by MVPL and the plant and mine is at an advanced stage of construction (estimated to be 85% complete).
The Project hosts one of the world�s largest known vanadium deposits. The current owner of the Project has previously stated that the current JORC-compliant reserve at Windimurra is 97.8 million tonnes at 0.47% V2O5.
The Project site is close to existing infrastructure and will be serviced by the Midwest gas pipeline and existing on-site power generators."
- Forums
- ASX - By Stock
- Ann: Response to ASX Query
correction..mine is supposedly 85% completed. see below. ATI...
Featured News
Add ATI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online