This is the main game here.....
"VIC’s Board is moving quickly to expedite the due diligence process for the proposed acquisition of four highly - prospective cobalt and scandium projects in NSW and WA (refer ASX announcement – 14 Nov 2017)
For the NSW as sets, Husky and Malamute, plans are underway to send a geology team to both tenements to commence a high - level exploration strategy , which includes desktop review, mapping , rock - chip sampling and drilling program – a proposal is currently being reviewed by the Board
The focus is on identifying cobalt and scandium mineralisation across the tenements, given Husky is contiguous to Australian Mines (ASX: AUZ) tenure and within 5km of Clean TeQ’s (ASX: CLQ ) project
Considerable field work needs to be completed on the Malamute tenement, as there is an area of lateritic mineralisation that may equal or exceed the area of both CLQ and AUZ’s deposits . However, further desktop and field work are required to determine the full extent of prospective mineralisation."
VIC - MC = $8 Million.
AUZ - MC = $234 Million.
CLQ - MC = $826 Million.
Long term shareholders may want to vent their frustrations with the past, but personally i'm looking to the future and the potential of these new tenements! Let's give them a chance to see what they can deliver because if they find anything similar to AUZ then this stock will rerate massively in coming months!
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