ITM 2.86% 7.2¢ itech minerals ltd

I think more evidence of a significant resource at Lacroma or...

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    I think more evidence of a significant resource at Lacroma or met breakthrough at Sugarloaf would be interesting for SP, remembering the enterprise value of RNU is approx 20 times ITM.It's interesting when you look at the scale of the RNU Project (see below from their presentation). Obviously multiple dimensions, which we can not see all of here, but RNU's resource appears approx a km long to a depth of approx 50m.

    Currently at Lacroma it looks like there is approx 500m of thick graphite horizon to similar depth and grade, with the potential to be >1km, obviously the width we can't compare here. Would be interesting to understand what the size of ITM resource is likely to be at that sort of length (1 km), especially when it sounds like it's favourable for both mining and processing, just a question of whether there is enough of it to justify the capex.

    https://hotcopper.com.au/data/attachments/5783/5783376-098ae5f217d6d81442c58f1de23809e5.jpg
 
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