contango micro cap quarterly review

Each quarter CTN publish a review. The March 2011 quarter included the following.

http://www.contango.com.au/images/stories/ctn_qtr_0311.pdf

Industrial Minerals (IDM)
The company is developing their southern Oregon mineral sands deposit in the United States. The principal product will be chromite which offers the foundry industry the ability to reduce emissions as well as cost by significantly reducing the need for binder or resin .the plant is due to come on stream in the June quarter. The plant has the flexibility to produce between 500kt to 1500ktpa and dependent upon grade is targeting around the 75ktpa of chromite. Along with the super grade chromite the plant will produce other products such as zircon, hi iron ilmenite and garnet. The project has a mine life of ten years with a significant resource position of 20-30 years.