VMM 0.72% 69.5¢ viridis mining and minerals limited

Ann: Globally Significant Maiden MRE for Colossus IAC Project, page-78

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    Hello. Take 80,000 ppm grade hardrock LYC vs 2,500ppm clay VMM. The hardrock is 32 times the grade. Are you claiming the clay will allow a grade that is 3% of the hard rock grade to be mined at a similar cost? 2,500 ppm means 2,500 parts per million which means 0.25 parts per hundred. That is 1/4 of 1% parts per hundred. You believe this "easy & cheap" to process REE has been sitting in the ground at surface in Brazil for decades and this GOLD MINE of REE was simply forgotten about and it required to penny dreadful Australia companies to show those dumb Brazilians what they were missing out on?


 
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