Not sure why you bother. Save your breath. This is a clay based rare earth stock that will require acid for leaching until proven otherwise. The grade here does seem to be higher than OD6 which is a positive for VMS. I'd love to see an opex breakdown of reagent costs here but T2 already provided a rough estimate on another forum which is a great guide, probably won't be too far off what we see here.
The cerium anomalies on chondrite plots remain undefeated as a guide for low pH ambient temp short leach time leaching. Those who know, know, they've done the analysis on the drill results which VMS kindly put out in full. They've seen the scientific papers. Those who think they know are busy buying more shares and that's their decision. Let them do it and just wait for the met work.
From all the comments here I'm expecting extremely comprehensive met work given the time it is taking. The reality from the publicly available information we have to date is there is nothing here in the initial data that suggests this will be an ionic resource.
VMS holders are literally debating science and then claiming you're a 'troll' (referring to those who straight up dismiss this commentary - we've had a few posters willing to discuss which is great). But as for those others, guess the science is trolling too right? The actual experts must be trolling. This is a consistent theme we've seen time and time again on hotcopper in regards to clay based rare earth deposits in Australia. The current phase is denial and they don't realise it yet.
The text claims 'the vast majority', but If anyone is aware of even a single IAC which doesnt show a cerium anomaly, please let me know. Or if you're seeing consistent signs of negative cerium anomalies in the VMS deposit from the existing drilling to date, which I'm not seeing, again, please let me know. I'd be happy to reassess.
Don't let facts and science from actual experts get in the way of hotcopper hopium.
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1.5¢ |
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Mkt cap ! $40.46M |
Open | High | Low | Value | Volume |
1.5¢ | 1.6¢ | 1.5¢ | $26.84K | 1.732M |
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No. | Vol. | Price($) |
---|---|---|
8 | 2663319 | 1.5¢ |
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Price($) | Vol. | No. |
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1.6¢ | 1830207 | 8 |
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No. | Vol. | Price($) |
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7 | 2563319 | 0.015 |
28 | 9861767 | 0.014 |
10 | 4118255 | 0.013 |
5 | 2323350 | 0.012 |
8 | 4213725 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 1830207 | 8 |
0.017 | 603800 | 6 |
0.018 | 4253419 | 7 |
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0.020 | 5308792 | 11 |
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