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8.70%

52.5¢ viridis mining and minerals limited

Ann: Colossus Cupim South Step-Out Drilling Yields Best Results, page-56

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07/08/24

21:48

Post #: 75116461
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Originally posted by insaf: ↑

the issue is ree prices and the Npv of Mei scoping study. At the moment Mei is valued at 200 mil and Vmm 54 mil, both fully diluted. In the short term Vmm downside risk is far lower that Mei. Mei at 51 k per mt nd-pr only gets you a Npv at 8 percent discount of 16 mil. Whilst I believe there can be immediate improvements, it could be taken down closer to 100 mil mc.
however Vmm at 54 mil and a scoping study at 51k usd per MT nd pr should get a 100 mil valuation by utility better met results and using a 4000 ppm at 28% than what Mei had for the lom. On this basis the market will bring Vmm up whilst continuing to bring Mei down. The question is can Vmm infill drill cupim south to include in scoping study and provide resource updates. I really hope they learn from market reaction to Mei and sector.

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No, it’s a recurring them.

Small cap’s, tight register —-> blow the hype, raise into the hype. “Performance shares” galore. Retail gets rinsed.

Rinse and repeat.

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VMM Price at posting: 61.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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(20min delay)
Last 52.5¢		Change -0.050(8.70%)		Mkt cap ! $34.60M

Open	High	Low	Value	Volume
56.5¢	57.0¢	50.5¢	$1.242M	2.373M

Buyers (Bids)

No.	Vol.	Price($)
1	2009	52.5¢

Sellers (Offers)

Price($)	Vol.	No.
53.5¢	8000	1

View Market Depth

No.	Vol.	Price($)
1	2009	0.525
1	26000	0.520
2	2741	0.515
1	2000	0.510
10	49700	0.500

Price($)	Vol.	No.
0.535	8000	1
0.540	10000	1
0.550	50000	1
0.570	1100	1
0.580	1622	1

Last trade - 16.10pm 14/10/2024 (20 minute delay)

VMM (ASX) Chart

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