Agoracom: Small Cap Investment - Fancamp Exploration - Re: Value of Titanium Deposit at Magpie

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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MaCloud

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Re: Value of Titanium Deposit at Magpie - $84.68 billion USD

in response to

Re: Value of Titanium Deposit at Magpie

hoov

posted on Aug 06, 2011 06:45PM

Hoove, thanks again. This time, I calculated Situ value of the Magpie deposit in the same way Argex Mining did.

Estimated In Situ Value (USD)

La Blache

(based on NI 43-101 compliant resource estimate of 30.9 million tonnes measured & indicated)

TSX-V RGX	TiO₂ (Titanium)	Iron Ore	V₂O₅ (Vanadium)
Price/tonne ($US)	$3,300	$170	$15,000
Estimated Grade	18.78%	63.29%	0.45%
Estimated In Situ Value (billions)	$19.15	$3.32	$2.08

Total Estimated In Situ Value

$24.55 Billion

Magpie

(Based on inferred NI 43-101 resource of 201 million tonnes in GENIVAR technical report.)

TSX-V FNC	TiO₂ (Titanium)	Iron Ore	Cr
Price/tonne ($US)	$3,300	$170	??
Estimated Grade	10.6%	42.1%	1.5%
Estimated In Situ Value (billions)	$70.30	$14.386	?
Total Estimated In Situ Value	$84.68 Billion

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