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0.5¢ vital metals limited

Ann: Cobalt Exploration to Commence at Aue Project, Germany, page-12

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badhan

3,978 Posts.

171

16/03/18

13:20

Post #: 31806979
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Originally posted by jadybi ↑

I suspect there is probably a condition on their permit that they have to do some work, to a certain value, in order to comply with the terms of their lease over the area - and this is it. Ticks the box.

As far as I can work out, the work proposed is not expensive, so they retain the lease and comply by doing this work, and as already said, a couple of good hits may allow them the option of selling the project to raise capital for further work at Watershed or Africa.

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Totally agree with you.

VML Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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