Reed Resources Ltd (RDR) - Barrambie.
Barrambie (RDR) has a smaller resource of 36 m/t @ 0.82% V2O5, Gabanintha (YRR) has 92.5 m/t @ 0.81% V2O5.
From my understanding in the short term, Gabanintha shall increase their resource from the drilling completed in March 2008 and they also located the new ore zone that is sitting on top of the current mineral resource which is in addition to the mineral resource.
V2O5 is trading at high teens/lb.
Do the sums as things will progress, WVL was once at these prices.
YRR is very cheap compared to RDR, ACS and MXR.
resource magazine article, page-9
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