4938,
While I know nothing about the grades either, my quick research was based on the following comment:
"The results received are very encouraging, particularly when compared to results
reported from other magnetite-vanadium-titanium deposits, such as the world-class
Windimurra Vanadium Mine in Western Australia’s Mid West region."
They seem to be doing alright out of it, so it looks promising. Either way, it was unexpected, and can only help to diversify the company (even though I thought management was trying to concentrate solely on Manbarrum- that concerns me a little that they are taking the eye off the ball slightly).
As the others said, the rail infrastructure is nearby, so that is certainly an advantage should it be economic to mine.
significant new prospect at mt peak, page-5
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