Once again they have shown us at Kanga Kaves that they have the goods by the billions - every one of those 10 drill holes hits a decent intercept of high grade above .5% V2O5, and many near surface. Only KK08 is a laggard with its high grade coming in at 36 m depth. (ha ha, most would think 36 m is 'near surface')
Once again I say that the problem with VMC is they have so many avenues to proceed on - they will have to choose soon, and maybe farm out the others. Unless they get a big cornerstone to support an attack on two or even three fronts.
We need to wait on the first blush from DeGrussa North. That could be massive.
Then hopefully a start on Youanmi gold - an IPO with current holders having a nice up front holding and maybe the rights to average up pre open. Need to raise a motza to exercise the option, do a FS, and a prospectus to satisfy the ASX - I see no road block my Shermans can't dispose of.
With those two potentially massive projects, I have to say that I am here for the Vanadium, and always was.
Well done, go the kangas.
VMC Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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