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2.0¢ venture minerals limited

Strip ratio looks to be around 1:1 ratio.

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1trader

5,395 Posts.

557

08/03/24

11:21

Post #: 72810871
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Originally posted by Maverick7 ↑

Yep, basically none of the mainland Aussie clay "ionic" hopefuls have turned out to be truly ionic unlike China/Brazil where they use low acid PH 4 at room temperature.

Also, considering the massive amount of tonnes to be mined in an ionic operation, to be competitive requires the deposit to start at or close to surface. A quick glance at the "from" depths in the table shows the higher grade intercepts start between 20-50m which is a massive disadvantage in a bulk mining operation due to the higher strip ratio.

Not wishing anyone bad here, but as the saying goes the devil is in the details.

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Strip ratio looks to be around 1:1 ratio.

VMS Price at posting: 2.7¢ Sentiment: None Disclosure: Held
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Last 2.0¢		Change -0.001(4.76%)		Mkt cap ! $47.6M

Open	High	Low	Value	Volume
2.0¢	2.1¢	1.9¢	$43.75K	2.146M

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No.	Vol.	Price($)
24	4914142	1.9¢

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Price($)	Vol.	No.
2.0¢	345400	3

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No.	Vol.	Price($)
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13	2418055	0.018
4	1079500	0.017
4	1312500	0.016
6	2987945	0.015

Price($)	Vol.	No.
0.020	345400	3
0.021	1704678	5
0.022	2101988	10
0.023	1724379	4
0.024	375000	2

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Last 2.0¢			Change -0.001 ( 4.76 %)
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