Just announced this morning, Rio Tinto have announced a near $500million investment in a new mine known as Zulti South at Richards Bay, South Africa.
Jean Sebastian Jacques describes mineral sands as a market where the long term fundamentals are strong with a widening supply gap.
IMA, ILU, RIO and BSE will make huge profits this year.
MRQ is incredibly cheap by this measure with no debt, drilling as we speak and with Tier One style tenements in Mozambique aiming at a Leapfrog model of 1.9 Billion tonnes at 4%THM.
