I had to jump back on sooner or later macca - have been...

I had to jump back on sooner or later macca - have been following and previously held this little rocket back in its NSX / early ASX days. But have now decided to load up again.

I can not find an exact resource estimate of Iluka's Jacinth deposit but i think from memory it contains around the 5Mt of Zircon ie ~100mt ore at 10% average HM of which about 50% is zircon. So at $800 / t zircon, it's in ground value is ~$4b and that's not counting the rutile!

Now I was chatting to someone the other day who knows their mineral sands and they reckoned that they'd be willing to put their geological gonads on the line if Cyclone didn't turn out to be bigger than Jacinth. it's setting is almost identical.

What do you think that would do to a shareprice if you shove it into a co with a mkt cap of around $40 -50m!

Good luck to those that have bought cause I think it's going to be an interesting ride.