Spot on.
10km2 at 20m depth with specific gravity of 1.6 is 320mT so the landholding is ample to support a resource it just depends on how widespread and to what depth. Grades aren't MEI level but they also haven't explored beyond 3ms and as has been shown some of the higher grade results are deeper. irrespectively 1500ppm+ is very good.
proximity to MEI makes likelihood of these favourable along with ionic test. I believe those results are due in august according to todays announcement pg19 for those reading.
The ixr investment here in vmm a bonus but does seem to paint some downstream synergies both mutually beneficial to each.
Took a dabble here today.
disclosure I hold ixr, mei, vmm
everything is a buy or a sell at a given price. ~25-30m fully diluted market cap isn't bad value consider the upside if they delineate a 200mT+ resource at 1000ppm+ located next door to what will undoubtedly be a bit of a REO hub and meanwhile also involved with cornerstone investment of ixr who looks most advanced in terms of ionic clay refining/seperation recycling.
SF2TH
Spot on.10km2 at 20m depth with specific gravity of 1.6 is 320mT...
- There are more pages in this discussion • 135 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add VMM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.35 |
Change
0.030(2.27%) |
Mkt cap ! $75.17M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.36 | $1.31 | $154.8K | 116.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 11921 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.34 |
Change
0.030 ( 1.13 %) |
||||
| Open | High | Low | Volume | ||
| $1.32 | $1.35 | $1.31 | 16637 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| VMM (ASX) Chart |