Ann: Jupiter delivers record drill hit of 48 m @ 3,025 ppm TREO, page-30

There is no similarity to MEI. To date, no Clay hosted REE projects in Australia have been found to be ionic adsorption clay, at least to an economic level. Grade is only secondary to metallurgy in clay hosted REE's, as impressive as these grades are on face value. I wouldn't be betting the house on VMS being the first project out of hundreds in Aus to have discovered ionic clay.

Just look at WC1 who boast "the highest grade clay hosted REE resource in Aus", they have an MC of 6mil today. No doubt VMS will try to dress up metallurgical results as "outstanding recoveries" and then in fine print it will be using low Ph sulfuric acid.

If its not ionic, project is worth zero. Here hoping you guys are the first in Aus to have a resource that's appreciably ionic, I wouldn't count on it though.