iluka in trouble again, page-2

ILU is pretty much fully priced, and BMX is doing better in the murray basin but as the article below suggests is just a fraction of the price of ILU, though its the

http://www.miningnews.net/default.asp

Sands shifting BeMaX's way

Extract
"Production is on track to rise from 350,000 tonnes of concentrate a year to 900,000t – at a time when the titanium minerals market is firming and the zircon market is positively booming.

A look at the market leader, Iluka Resources, is all that is required to make the point about recovery, both in an operational sense and in the way fat cat investors such as Kerry Packer and Rob de Crespigny have been attracted to the Iluka share register, pushing the share price of that company from a 12-month low of $4.45 to a recent high of $9.05.

BeMaX is a poor relation to Iluka. Its market capitalisation is just 10% of the leader ($2 billion v $240 million). But there seems little doubt that BeMaX is finally on a growth path after years of uncertainty. "

See link for full article