Ann: Spectacular Shallow Intercepts up to 23,556ppm TREO, page-75

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twinpeaks

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02/02/24

05:51

Post #: 72195950
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Originally posted by shan_e: ↑

MEI are drilling to optimise toward the highest grade areas of their resource, as they have more than they can mine over 20+ years

VMM are doing the same given the excessively high grades, but at the same time they are also expanding their resource

So from the lower market cap then yes there is a lot more upside in VMM to basically meet MEI where they are. They don't even need to have as big a resource, as MEI has excess to what they need.

That means there is 4-6 bags in VMM from current levels and more near term milestones and catalysts

If you could only trade one at a time, the smartest move would be to exit MEI and switch to VMM now and compund the returns.

Word is they have raised at a slight premium to current price $1.15, $4m which is enough to get them through, and the Chairman has tipped in $1m which is a big show of confidence and also tight hands for 1/4 of the dilution on our already low SOI. Win win win.

I said before this is very gappy and while it was easy to slide down quickly, equally it can run hard easily. Think this will open up big and should quite quickly appreciate. We are now where MEI were this time last year - the SP doubled in the 6 weeks leading into their MRE and then had another 2 bags in it during the 8 weeks that followed.

We should retest highs shortly IMO. More drilling results to come should hopefully help us break through toward $3.00

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Will run hard when it comes out of the TH is this news is true.

VMM Price at posting: $1.14 Sentiment: Buy Disclosure: Held
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Last 48.0¢		Change 0.000(0.00%)		Mkt cap ! $34.51M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

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No.	Vol.	Price($)
1	25000	48.0¢

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Price($)	Vol.	No.
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Price($)	Vol.	No.
0.495	5649	2
0.500	8025	1
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0.510	10000	1
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Ann: Spectacular Shallow Intercepts up to 23,556ppm TREO, page-75

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