VMM 2.08% 49.0¢ viridis mining and minerals limited

Spot on.10km2 at 20m depth with specific gravity of 1.6 is 320mT...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,964 Posts.
    lightbulb Created with Sketch. 12607
    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
 
watchlist Created with Sketch. Add VMM (ASX) to my watchlist
(20min delay)
Last
49.0¢
Change
0.010(2.08%)
Mkt cap ! $35.23M
Open High Low Value Volume
49.0¢ 49.0¢ 49.0¢ $550 1.123K

Buyers (Bids)

No. Vol. Price($)
2 30225 47.5¢
 

Sellers (Offers)

Price($) Vol. No.
49.0¢ 10688 2
View Market Depth
Last trade - 10.08am 04/11/2024 (20 minute delay) ?
VMM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.