To expect 4000 plus head grade throughout the entire deposit is absurd. If one can have minimum 3 to 5 years of this, it would be adequate to achieve phenomenal irr and payback of initial investment. The general consensus appears Vmm can achieve under usd 20 dollars for the overall resource. The question is what will be the cost at a very high high fade of 3500? Or 4000? I assume the cost will be even less. another reason for the sell off after a 75 percent increase I. 2 months is the ree prices have retraced again almost 15 percent. I think people are “looking” for reasons that are currently not there to justify this pull back. However, there is nothing out of the ordinary to see a pullback after an anticipated event like mre which generally results in a sell down on news. The key is the action and progress in the next quarter.
VMM Price at posting:
$1.42 Sentiment: Buy Disclosure: Held
