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Ann: Drill Campaign Commenced at Monument Gold Project, page-47

  1. coto
    14,627 Posts.
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    26/05/25
    19:11
    Post #: 79195314
    Wow FML are up 82% after the news. That is massive - $250M. Are VRL next on the acquisition table?

    The Global Mineral Resource is inclusive of a historical JORC 2004 estimate of 4.8Mt at 1.6g/t equating to 240koz contained gold reported by Focus.

    Our Monument Gold Project has an MRE 3.2Mt @ 1.4g/t Au MRE for 154koz Au.

    Therefore, we are not far off! Imagine a $180-$200M offer coming our way, 20 x our current market cap alone.
    Last edited by coto: 26/05/25
    VRL Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 2  Great analysis
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