111 usd. The Mei scoping study was a disaster but gave Vmm...

111 usd. The Mei scoping study was a disaster but gave Vmm valuable insight into what they needed to focus. Often, unless a basic feasibility study is done, even if it is conceptual in nature, the realities of the economics and variances don’t come through.
Hence Vmm can target it’s exploration and Mets using Mei as a basic standard to reduce opex and capex and provide an investment grade project where even at these spot prices, there is a material value.
The speculative investor is generally willing to take risks on commodity prices. However institutions will never entertain a project that has minimum value based on current metrics. It is these investors that push a stock price and market value up and maintain that value.