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