For once with this stock I was correct. Vanadium to be drilled first (I think I said it would be tomorrow). I did also predict that Aurium would be released which has not happened.
Although I would have loved to have seen the Vanadium drilling 6 months ago the directors are now refocused and we are set to see some easy value added to this stock.
It is a lot easier to extend on 38 million tonnes of indicated resources than it is to start from scratch and establish a resource (Peak Hill). This is especially true with the price of Vanadium being so high.
With all this speculation of take overs I would not be surprised if the real interest was to come from steel producers like Blue Scope etc. Vanadium is just too precious at the moment to pass on what we hope is over 70 million tonnes of high grade vanadium.
Anyone who doubts my comments please review the attached link.
http://www.chemlink.com.au/vanadium.htm
If my calculations are correct we should see the drilling at Gab completed within 3 weeks (early July) and results produced within 2 weeks (mid July).
I have been calling for this for 3 months and it appears we are in for a windfall.
Congratulations holders and YRR looks awfully undervalued at present.
ALL ABOARD!!!!
I am the Iceman!
GPN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
