VMM 11.7% 52.5¢ viridis mining and minerals limited

Ann: Viridis Completes A$4.5 Million Placement, page-225

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  1. 10,506 Posts.
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    correct. Vmm doesn’t have the historical data Mei did. Mei was a brownfield whereas Vmm only had 3 m of auger requiring initial proof of concept drilling to be done. This was to ascertain that Vmm was part of one major deposit with Mei. This has been confirmed. Now the main question - has VMM got grounds that are as good as Mei. The overall resource at point is not the point. The main game is is to get super grade (for IAC deposits) which would make it extremely profitable at this point and save the rest for if and when the prices right. A 10 year mine life of >2000 ppm will be phenomenal. I do agree with Gkeden in that cumin south is the key to getting Vmm classified as a tier 1. If it can eke out a high grade 40 to 50 mt deposit at 5 MT pa and then have the rest of the deposits to continuously drill and explore to define the broader deposits, the market will rerate vmm. I am extremely optimistic we have a significant possibility.
 
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