Grade is great, but it isn't everything. Gold mining may not be the best comparison, but there have been plenty of profitable gold mines with grades ranging from 2-3 g/t or less, up to more than 5 times as high - maybe 15 g/t or more, so grade is not the be-all & end-all. Tonnage, dimensions, depth, accessibility, in-ground geometry, strip ratios - all affect what is or isn't economic to mine. [And then, of course, there is also the multi-coloured bureaucratic tape that companies have to battle through as well.] And if they all stack up, and grade is adequate, the absolutely crucial factor is metallurgy. The grade may be high, but if it is too expensive (complex) to extract the element (gold, vanadium, lithium, whatever) of interest, then it won't be economic.
KRC is in the process of metallurgical testing this quarter. Results so far appear pretty good (I think - others here may disagree; I'm not a metallurgist, but then others here probably aren't either).
That being said, though - I don't want to be seen as offering anything which might be mistaken for actual "advice" here. Do your own research and take advice from any recognised experts you can find - not random strangers on the internet like me.
What I like about KRC? Vanadium-titanium deposit with adequate grade (I think), massive tonnage, accessible in-ground ore body (I gather, but don't quote me); plus additional projects in gold and fluorite.
And the rest of the market seems to like them (for now), and probably(?!) knows better than me . . .
And for what it's worth, I'm not bashing TMT at all. It also looks to me like TMT is massively undervalued.
TMT Price at posting:
44.0¢ Sentiment: None Disclosure: Held
