my personal opinion is Vmm will surpass Mei. There is 297 mt at risk with soberbo and capao de Mel within the APA buffer zone and approximately half of the soberbo inferred resource is within the APA. There is a significant risk on the 297 Mt being either allowed to be mined or stringent conditions attached. Whatever is the case, there will no doubt be delays at minimum because more exhaustive impact studies will be required. So 248 MT is “clean” and the scoping study is only focusing on 50MT of this (Figuera).
Whereas Vmm is progressing uninhibited towards a MRE and scoping study with another 3 months after. Mets are looking superior to MEI, and quite possibly could commence production earlier than Mei.
just hold onto your shares. Stay calm during pullbacks. Wave 3 tsunami is increasing momentum.
VMM - General Discussion, page-560
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