Post by
Visthefuture on Oct 06, 2022 4:15am
Is there life on the magnetite planet VRB?
Ohmtee, Can you post the link for the Blackrockians intel? That seems like an amazing find. I'm still trying to add up how $4M is needed for 5 tonnes of bulk magnetite worth less then the fuel to needed to pick it up. Maybe they can use the magnetite to make a compass to find an economic resource as there does not appear to be one. There is a feasibility technical report on the permitted adjoining Blackrock project that has been stalled since 2018. It seems stalled because magnetite concencetrate sells for about $80/tonne and mainly by China as it is is about twice the cost to process compared direct ship iron types. According to the 2018 bfeasibility study it is close to $70/tonne to make magnetite concentrate. VRB could buy magnetite anywhere IN the world from suppliers that cannot sell it quick enough. VanadiumCorp had to change from vanadium to magnetite production for unknown reasons in 2018 in their multiple rejected economic and technical reports. Is VRB trying spend $4M on an uneconomic bare rock sample to pay the CEO of the hour by the hour because he is billing for most of the geological services? Isn't he already being paid a CEO salary too? This doesn't seem to add up? Ohmtee, can you help answer any of this? What do you recommend? I need a morsel of hope to consider placing a bid at $.0005 Pre F'D Money.