three years and no feasibility estimtates yet? just an observation not a criticism. tungsten is a hard nut to crack I guess.
In the long run its better to see defensible statements regarding the projects economics rather than hyped up mis-statements. I am certain that vml management are conservative and are approaching this project with caution and the careful consideration that responsible investors deserve.
i have noted a few other tungsten wannabes dusting off old projects and within very short time coming out with fantastic financial projections. buyer beware. this is a fickle commodity and often the projects are complex from a mining and processing point of view. they require lots of drilling just to get the confidence in the resource.
a check of quality i would suggest looking at the way companies release their resource and drilling announcements. the purpose of the JORC code is to provide transparency and any announcement should be accompanied by a volume of technical information which although lost on the majority of normal investors, does show that real work has been done. i find that vml has provided sufficient information to defend its statements. now check its peers.
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Last
0.3¢ |
Change
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Mkt cap ! $17.68M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $12.53K | 4.176M |
Buyers (Bids)
No. | Vol. | Price($) |
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77 | 77035987 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.3¢ | 1000000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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76 | 77034615 | 0.002 |
18 | 71440051 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.003 | 1000000 | 1 |
0.004 | 19239299 | 53 |
0.005 | 11497519 | 35 |
0.006 | 7750479 | 15 |
0.007 | 3142296 | 5 |
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