Is the source here not a deeply weathered alkaline intrusive?...

First 78 Last

Share
Profile

Follow
slipperymack

1,571 Posts.

191

10/02/24

08:29

Post #: 72335908
Share

Originally posted by setfire2thehive: ↑

I am aligned to your opinion.

it is worth noting that some others RDM (for which I cannot still get my head around it's met work and how REO are leaching from granites at ph1) that if there is a very unique metallurgical properties it may be more interesting than others.

I do however agree that if similar (and more likely than not) to the other WA REO in clay it will have similar met properties as them. that being that the reo exist mostly in physical or colloidal bonds only broken (leached) at highly acidic leach. In fact i thought i recall vms having such previous met work which validated as such? perhaps a different tenement. I have 65 wathlisted companies it's becoming hard to remember them all off hand.

If they were to be ionic the upside is enormous but do agree based on chrondite plot and geographical nearology to other WA plays proven to not be ionic that the chances are low.

For those still learning the ways of the world in this space. At current pricing, ionic clay projects ~1500ppm are where the economic cut-off. that means ph2-4 with a large portion recovered at ph4 and minor acid dose.

non ionic need pH0-1 which given the logarhythmic nature is 1000 times more acidic. more acid more cost less profit.

To my knowledge no non ionic clay project currently in production/construction globally. closest projects are mineral/monazite sands getting a REO as by-product.

If ionic i'll be an investor. if not ionic (barring some unique geological met properties -((currently rdm the only weird outlier i have seen so 1/50 odd)) then unlikely economic in my honest opinion.

Fantastic result for shareholders either way. furthermore no reason the market may continue to see upside on RvR. i would await or want to see the leach test with ammonium sulphate or sodium chloride at pH. if ionic leaches in 30mins or so. test costs $500 from a lab.

MRD discovered reo 2years ago and stated same thing there as i have across 30-40 reo clay project. holders there are still waiting for the test i think.

i would judge Management credibility to expedite this test for ph4 and ph2. This can be done very quick and very cheap. Will tell you quickly where this sits in the scheme of things.

I will watch with earnest. best of luck all hopefully orice keeps rising and the met test (done quickly) is positive.

my status will change very quickly if so, but so will the share price. Likely the opposite if not favourable.

Thank you for the tag and hopefully has met the intent.

SF2TH

Expand

Is the source here not a deeply weathered alkaline intrusive? The predominant rock type is the Big Bell Suite monzogranite. These are all similar lithology conditions to the most commercial rare earth deposits in China, albeit Venture having much higher grades than most of the Chinese deposits. The company's suggestion that this is becoming an "incredibly impressive project" seems to to indicate they are not concerned commerciality of the discovery.

VMS Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 165 more messages in this thread...

First 78 Last

Add VMS (ASX) to my watchlist

(20min delay)
Last 2.2¢		Change 0.003(15.8%)		Mkt cap ! $49.86M

Open	High	Low	Value	Volume
2.0¢	2.2¢	1.9¢	$101.4K	5.097M

Buyers (Bids)

No.	Vol.	Price($)
5	1028112	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	2222248	11

View Market Depth

No.	Vol.	Price($)
5	1028112	0.020
22	3874925	0.019
15	2580277	0.018
7	1259500	0.017
4	1312500	0.016

Price($)	Vol.	No.
0.022	2222248	11
0.023	1773879	5
0.024	396956	3
0.025	3177468	9
0.026	1801100	4

Last trade - 16.10pm 08/05/2024 (20 minute delay)


Last 2.1¢		Change 0.003 ( 7.69 %)
Open	High	Low	Volume
1.9¢	2.1¢	1.9¢	841212
Last updated 15.22pm 08/05/2024 ?

VMS (ASX) Chart

Is the source here not a deeply weathered alkaline intrusive?...

Featured News

Tamboran is listing on the NYSE, and Wall Street is paying attention

Alara Resources (ASX:AUQ) is driving Oman into a renewable renaissance with accelerating copper production

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

Gold grading beyond 65g/t at Hillgrove gets Larvotto shares airborne

Buyers (Bids)

Sellers (Offers)

Featured News

Is the source here not a deeply weathered alkaline intrusive?...

Featured News

Top Stories

Tamboran is listing on the NYSE, and Wall Street is paying attention

Alara Resources (ASX:AUQ) is driving Oman into a renewable renaissance with accelerating copper production

Maiden drilling at West Arunta hints at major IOCG system for Rincon

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

Gold grading beyond 65g/t at Hillgrove gets Larvotto shares airborne

Buyers (Bids)

Sellers (Offers)

Featured News