Been consistent positive news flow for months if not years thats never factored in, usual manipulation games up to .20 down to .11 back to 15s, current price .15 to most of us here is just bs, long term waiting no reward, but may finally be the time momentum starts to kick in & a major breakout forms, with the RXL JV out of the way & the terms explained better, not as bad as first thought (to me anyway, though still wished they went on it alone), think we may start seeing a momentum move higher backed by strong news flow, drilling results etc.. over june/july/aug+, we are in the right sector right time with GOLD breaking out & will be actively drilling, surrounding SPX gold discovery & the following news-flow to come, if good could easily bag or two from here if management play things right, below whats to come in no particular order:
1. Finalise sale of Yalgoo Iron Ore project for $2.5mil
2. Further drilling and mine planning at the 90% owned Bell Chambers gold project with a14,000 ounce identified 2012 JORC resource near Youanmi, recent announcement: WIDE GOLD INTERSECTIONS CONFIRM A ROBUST RESOURCE ... Further drilling is also planned as the resource is open at depth.
2. VMC/RXL: Currans Find gold project,Youanmi: The bonanza gold grades revealed by the one-metre sampling confirm the potential of theCurrans Find North prospect (and the Currans Find project in general) to host a significanthigh-grade gold deposit.The host geological setting at Currans Find North is similar to that of the high-grade historicalPenny West gold mine and the Penny West North discovery by Spectrum Metals.The bonanza gold grades in two drill holes at Currans North indicate a plunging high-grade oreshoot that is open at depth and down-plunge, and indicate the project has the potential todeliver similar outcomes to the Penny West Gold Mine.Further RC drilling is planned to commence in early July.
3. Active metallurgical work on the 90% owned Youanmi oxide vanadium project with a134 million tonne @ 0.34% V2O5 oxide JORC Resource (refer ASX release 20th March2019). TEST WORK ADVANCES WITH NEW INITIATIVES FORYOUANMI VANADIUM – TITANIUM - IRON OXIDE ORES - metallurgical studies results to come
4. Further mapping, sampling and geophysical work at the Doolgunna base metals projectabutting Sandfire Resources’ DeGrussa Copper Mine (refer ASX release 5th February2019).
5. Further work on the Youanmi 100% owned zinc project.
6. VMC/RXL The OYG Joint Venture will initially undertake some 14,500m of RC drilling in theYouanmi Gold Mine leases starting early July. Multiple targets have been identified toconfirm and expand the near surface oxide resources within the OYG mining leases
7. BULK YOUANMI OXIDE SAMPLES DESPATCHED TO CHINA FOR TESTING - Venus Metals executives met with senior Chinese executives in the vanadium, iron and steelmaking industries in Hong Kong in March 2019. Strong interest was shown in the Youanmiiron-vanadium-titanium oxide ores for feedstock in the various industries known to theChinese executives.Following appropriate confidentiality agreements being signed, Venus has dispatched a 100kg bulk sample to China for testing purposes.Venus Metals executives plan to be in China shortly to progress this initiative with the relevantChinese executives.
8. Possible work in the highly prospective Fraser Range where Venus holds two tenementapplications subject to ballot determination processes (due in August 2019).
9. Lithium news way overdue if anything has been happening
10. VMC/RXL Venus Joint Venture, RC and air core drilling is planned along strike from theSpectrum Penny West North discovery and at the Golden Victoria prospect alsocommencing in July 2019.
time will tell, target .30 - .50 on back positive news, no guarantee with vmc always under-performs, but things can change quick in this sector any sign of more high grade/bonanza grades around SPX can change things quick, If we cant rerate with the above potential news ahead, no idea what will rerate it then
dyor
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Mkt cap ! $21.57M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 102330 | 10.5¢ |
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11.5¢ | 2160 | 1 |
View Market Depth
No. | Vol. | Price($) |
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4 | 102330 | 0.105 |
2 | 339987 | 0.100 |
1 | 10100 | 0.099 |
1 | 22000 | 0.090 |
1 | 65000 | 0.077 |
Price($) | Vol. | No. |
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0.115 | 2160 | 1 |
0.120 | 66638 | 3 |
0.125 | 493991 | 1 |
0.135 | 49999 | 1 |
0.140 | 140613 | 2 |
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