Phenom Resources Corp FVANF

Primary Symbol: V.PHNM Alternate Symbol(s): PHNMF

Metals & Mining Industrial Metals & Minerals

Phenom Resources Corp. is a Canada-based company engaged in the business of the acquisition, exploration, and evaluation of mineral properties. The Company has a 100% interest in the Carlin Gold-Vanadium Project, located in Elko County, six miles south from the town of Carlin, Nevada and Highway I-80 which hosts the Carlin Vanadium deposit. The Project lies within the prolific Carlin Gold Trend. The Carlin Gold-Vanadium Property is composed of 114 unpatented mineral claims and 80 acres of fee simple land totaling 955 hectares. Its West Jerome property is focused on the copper-rich district of Arizona, near the Town of Jerome, Central Arizona. The Company has options on two gold projects in Nevada, the Dobbin Property, which is a Carlin Gold-type target, and the CVN Property, a Bonanza high grade gold vein-type target. Its Crescent Valley property is located in Eureka County of Nevada. It also has an option agreement to acquire up to a 100% interest in the King Solomon Gold Project.

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Comment by RetailSuckeron Mar 08, 2019 8:44am

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Post# 29460020

RE:RE:RE:RE:Boom!

damapik wrote: "...what frustrates me is that it appears the PFS won't be out until Q42019 which is too slow in my opinion, also capital and processing costs need to get finalized asap".

exactly,

FVAN can expect slow "suffocation" as smart money gets out first before detailed MET and eventual PEA results come. (we experienced recently a first "convulsion" ..albeit with good opportunities for traders:)).

I recall, First Vanadium is a deposit associated with a zinc deposit (sphalerite).
This means only one option: an autoclave treatment as they have to deal with the sulfide associated with the ore, so they will have to build an oxygen plant and their process will probably go at around 350°C. They can’t go much lower because they then have to worry about sulfur formation (This means roaster of 200C not likely to work).

First Vanadium is using “new, untried technology” as no one has ever used autoclaving to process vanadium ore that can run beyond $350 million (capex) with all the air pollution controls required in Nevada ( serious permitting risks).

The difference is that the Prophecy's Gibellini plant and process ( heap leaching) will be a fraction of the First Vanadium costs.. and without any permitting risks.