VMM 0.00% 60.0¢ viridis mining and minerals limited

Ann: Step-Out Drilling Intercepts up to 24,894ppm TREO, page-63

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    read the wording - it’s peak grade. It’s meant to highlight the highest possible grade hit - not the highest intercept average. The the grade averages are similar to Mei. The tenements are continuous with Mei. The scale appears closer to Mei. Need mre to confirm to the market. The question is recoveries. Mets via and to will sort this out. Mei is 400 plus mil whereas Vmm is 80 mil mc. If we reach Mei level of progress, that is the price. Factoring in further cr in the next 12 months, at least another 2 to 3 3 bags to achieve some sense of parity .
 
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