The daily reckoning seems to think mineral sands is going to be big in the near future - thinking that China will take to TiO2 based paints in the near future. I have insufficient knowledge of Chinese culture to know if this is really the case. I pressume it is reasonable that if more western style dwellings are going up and they are adopting an increased western lifestyle that this may be the case.
Now - that out of the way, the issue is to pick the best bet.
ILU - already a major producer - will benfit directly from increased prices. The issue will be whether this is fully reflected in the SP.
IMA - massive resources though not yet producing. The apparent high SP (low number of shares ) often limits speculative upside as it already seems pricey even though MC is only about $100m. seems a very solid bet for at least a three-bagger medium term and maybe 10-bagger longer term on basis of mineral sands. Extra upside is possible from phosphate though may be spun out in IPO that will benefit directors more than shareholders.
GUN - mineral sands in one massive resource in JV with Chinese. They are 20% holders though project is huge and likely to go ahead. I'm Not sure re: control of pricing - I assume they will be able to sell their 20% on free market. Also has fantastic Cu JV that will likely see potential PE of 1 at current prices. MC $17m so could easily be a 10-bagger on the basis of either project. More risk than ILU though.
BMX - haven't looked in great deal at this - seems to be Near-term production with less blue-sky than the others.
What are other's thoughts on this?
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