Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Shares in hitherto unloved Savannah Resources (SAV) have bounced strongly now that the AIM-quoted minnow has clinched a mineral sands joint venture with mining giant Rio Tinto in Mozambique. If all goes well, David Archer, Savannah’s chief executive officer, suggests the combined project could eventually be producing ilmenite at the rate of more than 600,000 tonnes a year for a decade at least.
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