VMS 0.00% 2.4¢ venture minerals limited

This is timely ! Reeks of Dejavu....Beware newbies... As at...

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    This is timely ! Reeks of Dejavu....Beware newbies...

    As at Sept'23 - Cash on Hand low and reducing - CR required and coming.
    8.7 Estimated quarters of funding available (item 8.6 divided by item 8.3) 1.76 months -
    Corporate
    • Cash Position of $2.0 million as at 30 September 2023.
    • A $0.45m ATO R&D refund was received for FY 2022 , work has commenced on the FY 2023
    return.

    Hook & Line - Justification
    "Jupiter Delivers over 7,000 ppm TREO assays from Maiden RC Drill Program"

    Hole No. Inter(m) TREO (ppm)
    BBRC001 32 2,120
    including 6 4,017
    BBRC002 22 2,214
    BBRC007 26 2,117
    BBRC008 8    2,110
    BBRC009   20   2,152
    BBRC011 12    2,059
    BBRC017   26    2,019
    BBRC018   30   2,284
    BBRC019   16    2,394
    including 2 7,367
    BBRC020   16 2,051
    BBRC021 22    1,928
    including 8 3,168
    including   4   4,427
    BBRC023  18 2,075
    BBRC024 18   1,647
    including 6 2,659
    Q- Is this good overall and genuinely material in nature re. potential - Leave it for others to comment.

    MD Comments:
    "These phenomenal results enhance Venture’s belief that the Jupiter target has the potential to become an exceptional Rare Earths Project". Truly, at this early stage.
    "The scale and quality of this opportunity along with its proximity to infrastructure and processing plants
    makes it a standout among its peers". Just like Tin & other projects.Trying to associate others success with Venture circumstance....Where is the factual comparison to support this.
    My favorite:-
    "Jupiter’s immediate value proposition to shareholders lies in quickly delivering a cost-effective Maiden Resource of high-grade, critical REE minerals that are in demand in a strategically secure location like Western Australia.” To this point, VMS has proven itself incapable of delivering anything to shareholders except a premise to continue business on a hope at shareholders cost. GLTA
 
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