VMM 12.3% 92.5¢ viridis mining and minerals limited

Why is Viridis so much cheaper than Meteoric?, page-19

  1. 10,253 Posts.
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    one doesn’t need 100 mt of the very high grades - just a starter pit of 50 Mt at 4000 ppm would be enough as an indicated/ measured resource as there is definitely higher grade pockets at cupim south and tamayo. At just 2000 ppm and the nature of the recoveries - Vmm compares well with the rest of the IAC competitors. Further higher grade pockets will never be mined exclusively but blended in. The key though at this early stage is viability and having access to the high grade economical deposits will ensure it will be a feasible project to support from a funding perspective. Ultimately this is what every explorer questions - will this get the funding to develop and funding sources will need to see viability based on current and worse case scenarios.
    Last edited by insaf: 30/06/24
 
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