AVL 6.25% 1.5¢ australian vanadium limited

target of between 500 – 800 million tonnes

  1. 5,719 Posts.
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    believe or not , YRR could become world largest V2O5 mining project!

    It is expected that due to the simple geometry and proximity to surface that an inexpensive mining operation can be developed. In addition there is enormous potential to expand the current resource at depth and in locations along strike as the current resource is only defined to a vertical depth of ~ 100m. A HELITEM electromagnetic survey was completed at **anintha and indicates that a much larger body of magnetite at depth and to the west of the current resource. The Company believes that with further drilling a resource target of between 500 – 800 million tonnes at grades similar to the current JORC Code 2004 Mineral Resource Estimate.

    so far just 16% explored for 125Mt, 500Mt+ is possible!

    Sounds too good to be true, but potential is also there.

    To realize multibaggers, there must be a "big concept" support......for any  5 baggered soaring stock

    Like AZK, spent nothing to merge with a small IT company, then up 6000% ( I made $0.5m profits ) just relied the "big concept".

    AZK will be a joke one day: no big IT company around the world interested the project AZK acquired, but Australia people trust!!!

    YRR's "big concept" is different with the IT bubble , we have decent amount of metal in the earth,( could be 500 – 800 million tonnes resource ) close to surface and in very high grade and could be world LARGEST V2O5 mining project!

    One day you will find Nova is just a small project for "quick money" but YRR may be a real company maker  that could affect the world.
 
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