What is our ore worth....?
There is a bit of info on this in the RGX report Pg8 under treats. Maybe VRB could be a supplier of ore as RGX does not intend to mine its own ore... last time I checked we had several deposits which could be a potential supplier.
From RGX Report:
According to Industrial Minerals, rutile ore currently stands at approximately US $1,000 per tonne up from roughly $550 in 2010 and ilmenite ore stands at approximately US $205 per tonne up from roughly US $75 in 2010.
Also in the report of intrest is this statement:
Threats
4. Maintaining a Reliable Source of Feedstock – As RGX will not be mining its own feedstock, establishing a steady supply of ilmenite ore is crucial. On a recent conference call, the CEO of Tronox stated that it takes roughly 2.25 tonnes of ilmenite to produce 1 tonne of TiO2.1 If this ratio is correct for RGX, then a need for 112,500 tonnes of ilmenite ore per year (50,000*2.25) will be necessary. Any hiccups or bottlenecks here could affect RGX’s operations.
The full report here:
https://www.howardgroupinc.com/Portals/0/Argex/Coverage/RGX_Analyst%20Report_House%20Mountain%20Partners.pdf