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Vanadium

I have done the math on this Vanadium and TiO2 deposit and at least to the best of my ability, I get a NSR value of this deposit of between $110 and $160 per ton. It is likely just below the current cutoff for Eagle 1 but I have a hunch that cutoff value is about to go down very soon.

I am not sure of the width of the deposit but I am calculating 13-15MT. In NSR this equates to $2B worth of material. Could be way more.

If Eagle 1 can build the infrastructure then we should be able to get at least 10% NSR for this deposit (hopefully not overly optimistic)? Depending upon the next news release of Eagle 1 at depth, this could add $200MM in market cap or $1-1.15 in share price...

It will be interesting one day when they compile all of the resource estimates to finally figure out what our land in the Ring-of-Fire is worth. We will probably make the bulk of our money in something they haven’t even discovered yet?

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China - Copper

I heard from a fairly reliable source yesterday that the Chinese have stockpiled enough copper and are going to stop purchasing this material... I know just as I did all my high-pressure lines in my house in pvc... Anyway the reason I think this could be significant - and I could be wrong is that Ni is a by-product in most copper mines. Most Sulphide deposits in the world cannot produce Ni for under $7.50 per pound. So if the copper mines shut down - assuming the demand for Ni stays constant... Then the mines that are throwing their Ni in the market will not be operating and we should get substantial Ni price appreciation.

I could have this all wrong and Ni might go down too but once again - Ni and Copper are used in very different industrial applications.