I don't think it's far off. Getting the conversion from NI43-101 to JORC isn't that hard but it does take time getting sign off.
I'm really looking forward to seeing what they come up with. Clearly, the resource is huge and of good grade but their comments about targeting some of the higher grade zones initially is what really interests me and I think it's what will really spark interest form the market.
As they state in the recent preso, most projects only mine ~5Mt of material so if VML can define a resource of 3-5Mt at around >2% TREO, then with the mechanical ore sorting we should produce a very high grade concentrate at a very low cost. There's no flotation to worry about so the costs to ship the concentrate will be the mining and ore sorting. That's a very low cost operation. So with a low complexity, low cost operation selling a very high grade con directly into the US markets, our margins will be fat.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.63M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $1.884K | 594.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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19 | 16688193 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 25825720 | 60 |
View Market Depth
No. | Vol. | Price($) |
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19 | 16688193 | 0.003 |
98 | 95955218 | 0.002 |
21 | 72784051 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 25825720 | 60 |
0.005 | 9102195 | 33 |
0.006 | 5676463 | 15 |
0.007 | 2719685 | 5 |
0.008 | 2615656 | 3 |
Last trade - 15.43pm 18/07/2024 (20 minute delay) ? |
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