Prediction Northern Dancer Joint Venture by the end of the year.
Why?
Largest undeveloped tungsten/moly porphyry system by far. Can potentially supply 15% of world demand.
In the last few years they've doubled their tungsten resource from 242 [see Oct 2011 Corporate Presentation to 423 MT!
Excellent road access.
Tungsten is a strategic metal with production dominated by China who needs more & more of it for themselves.
With more than 90 million tonnes of ore grading 0.186% WO3 equivalent, and giving a
total of 202 million pounds of tungsten in the indicated category, Geodex is a serious player
in this business. The other companies on the list are Tiberon, Vital Metals, Oriental
Minerals, Galway Resources, Playfair, North American Tungsten, Largo Resources, Primary
Metals and King Island Scheelite. Of the total tungsten tonnage that these companies have
on record, some of which is only in the inferred category, Geodex’s 90 million tonnes
accounts for around 20 per cent. Indeed strip out the 242 million tonnes held by Largo
Resources on its Northern Dancer property in the Yukon, by far the largest reported resource
held by any of the aforementioned companies,...Minesite.com Apr. 07, 2008
Yes, strip out Largo's Northern Dancer and then Geodex becomes huge. Wonder how you do that?
Even in 2008 Northern Dancer was approx. 2.5 times larger than Geodex.
These statements are based on my own research. Do your own fact checking.
It's time to shake those maracas and celebrate a wonderful choice for wealth & prosperity in 2012!