VMS 4.55% 2.1¢ venture minerals limited

You have to be careful of a billion tonnes at 1% REE (which is...

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    You have to be careful of a billion tonnes at 1% REE (which is most likely) and thinking it is a billion tonnes of REE.
    The first is uneconomical to extract while the other would be a miracle.

    It will be interesting to see how vague the next announcement turns out to be
 
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