VMM - General Discussion, page-272

I hope you don’t mean ENV.

Comparing to VMM: ENV already has a 30m MC FD, only 1200ha it can drill, and won’t have drill results for months because it doesn’t even have an exploration permit (from what I can tell the vendor hasn’t updated the exploration application in years). This is the reason the best they could do was send Klaus out to take pictures of some clay they found for DD.

Not to mention it has different geology. Given VMM has way more (useless?) land outside the alkaline complex (already built into the MC), not sure why anyone would buy ENV over VMM.

What’s ENV going to do while it waits for permits? Drill the lithium ($$) drill the REE in Sao Paolo (another state)($$)? Other than conversion of the options, do they have any money to drill? Are you going to get caught in another CR before drilling?

Another thing: have you read the terms of the deal for the Exploration Application they purchased? It’s not even contingent on the license being granted, almost 300m shares and there’s a bonus of 15m shares if they get 10Mt @1000ppm! Another million bucks cash for 10 meters of >1% lithium in a drill. Doesn’t exactly build confidence!

The option holder top 20 is also terrifying, and the forum is full of accounts with only posts in ENV and the day trade forum spamming “Check out ENV”.