Quote [Comparisons to YRR
AXO Balla Balla - BFS resource [email protected]%vanadium
14% titanium
46% iron ore
Balla Balla total inferred resource - 200mt @ .63% v
14% t
43% fe
2x 3mt p/a iron ore sales agreements signed with Chinese groups
Fully diluted m/c of about $205m
$83m in cash
Plant commisioning in Q4 2009]
Nope
the total Mineral Resource for Balla Balla is >300Mt @ 0.62% uncut - as a magnetite project, which according to their MD could soon be 600Mt at the same grade.
When they were serious about only the vanadium they used a 0.6% cut off and the grade came in at closer to 0.8% from memory.
So i'd say AXO is still the largest overall.
dont get too carried away now
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