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13/01/23
13:59
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Originally posted by X-terra:
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Very impressive results from both REE and Gold and the market hasn't woken up to what this has. From IPO and still trading in that range. VTM is a giant waiting to stand up and be recognized. Market is asleep here. Just on gold results alone, (and it's well on the climb) adds value on current SP, let alone the very impressive REE results. More results imminent. SP could easily climb to the $1 club SOI 52 mil MC $10 mil COH $3 mil from last Q DYOR and see why this is so undervalued. 20 Dec 2022 LATEST ASSAYS STRENGTHEN VICTORYS REE DISCOVERY Highlights • A further 42 AC holes report significant Rare Earth Element (REE) clay-hosted mineralisation across North Stanmore with grades from the latest assays ranging up to 4974ppm (NSTAC131) which included HREO/TREO ratio of 45% and NdPr + DyTb at 25.6% of total REE’s • Latest assays confirm continuation of (REE) mineralisation and extraordinary ratios of valuable Heavy Rare Earth Elements average of 34% and critical magnet metals NdPr + DyTb are 20% of total REE’s • Excellent continuity across mineralised zones and open in all directions • Highest grade at North Stanmore 9746ppm (TREO)1 • Outstanding average grade of 1035ppm (TREO) from assays received to date from samples with a cut-off greater than 500ppm TREYO • Notable intersections from North Stanmore including latest assays results: o 32m at 1047ppm TREO from 36m (NSTAC004) including, • 12m at 2038ppm TREO, and • 8m at 2467ppm TREO from 48m o 16m at 2155ppm TREO from 21m (NSTAC032) including, • 6m at 4683ppm TREO, and • 2m at 9681ppm TREO o 12m at 1316ppm TREO from 24m (MAFAC019) o 10m at 982ppm TREO from 10m (NSTAC097) o 9m at 1151ppm TREO from 21m (NSTAC098) o 7m at 1106ppm TREO from 54m (NSTAC129) o 5m at 2050ppm TREO from 51m (NSTAC131) • Assays continue to confirm high grade Scandium (Sc2O3) up to 123ppm with Scandium being essential for manufacturing Al-Sc alloys in fighter jets and hydrogen fuel cells ******• 9,593m of further AC drilling now complete with assays pending ***** May 2022 EXCEPTIONAL DRILLING RESULTS UP TO 54.3g/t GOLD INTERCEPTED AT COODARDY JORC MINERAL RESOURCE ESTIMATE WORK COMMENCED Highlights: ● 1m fire assay samples have been received and Coodardy 3D model and initial JORC 2012 mineral resource estimate (“MRE”) work has now commenced ● The MRE follows high grade shallow gold intersections across 300 metres from an RC drilling program at the Coodardy project1. Outstanding fire assay results include: ■ 5m @ 15.2 g/t Au from 37-42m including 1m @ 54.3 g/t Au from 38m in 21CORC012 ■ 5m @ 8.75 g/t Au from 16-21m including 1m @ 33.4 g/t Au from 16m in 21CORC08 ■ 5m @ 7.86 g/t Au from 25-30m including 1m @ 30.8 g/t Au from 28m in 21CORC09 ■ 4m @ 3.52 g/t Au from 24-28m in 21CORC02 ■ 7m @ 1.4 g/t Au from 22-29m in 21CORC05 ● Mineralisation open with 600m RC drilling program to commence this month to search for an adjacent near surface supergene enriched orebody
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Nice to hear again from you X. Yeah there is no doubt due to the small size of the company that the market is sleeping at the wheel on this one. REE + Gold should have this sitting at $30m-$40 mill MC if OD6 for example is $33 mill MC. I think people forget about the gold because not so many were here that long ago. We have the JORC resource coming this year which should add a floor price to the company due to the gold value. Throw in the high quality REE basket mixed with grades x thickness VTM could be a little gem in the waiting.