currently the fine grained nature of the mineral sands in the WIM150 deposit render the sands pretty much commercially unviable.
APG (the owner that AZC bought a share of the project from) has been working on technology that will enable the deposits to be processed commercially. But that is probably a way down the track. Still, they keep making noises about progress on that front - so who knows.
To my mind the Mindarie project alone is sufficiently appealing (and has lots of blue sky in the form of potentially doubling in size) to invest in AZC. The WIM150 option justs adds a bit of extra potential (albeit very speculative at this stage).
