VMM 4.00% 91.0¢ viridis mining and minerals limited

Ann: 80% Average Ionic Recoveries from First Colossus Hole, page-21

  1. 587 Posts.
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    Very surprised to see the market response, these results are exceptional. In line with MEI for the same head grade (higher head grade = higher % extraction per MEI 150+ samples tested).

    So..
    grades = MEI
    metallurgy = MEI
    location = MEI
    Scoping study underway with tier 1 engineer = MEI
    Royalty rate better than MEI (no private royalty)
    but VMM mcap << MEI

    What am I missing? MEI just has first mover/market darling advantage?
 
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