VMM 3.26% 47.5¢ viridis mining and minerals limited

My calculations to date from the weighted average grades of all...

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  1. 2,090 Posts.
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    My calculations to date from the weighted average grades of all drilling I have been able to compile to date (excluding todays announcement) have Cupim South as the highest grade area. If your numbers differ to mine let me know on this. I will assume your numbers are correct. MEI's various deposits ranged from 2300ppm to 2900ppm in the MRE.

    Grades can differ a lot over a small area. For example CS-AG-36 an Auger hole in Cupim South had a 6067ppm to 10m depth. CSDDH08 which is either 15m or 25m away depending on which set of numbers you use from VMM (I've seen two lots of coordinates for this hole), goes down to 28m and has an average of 2410ppm. I agree with you that in an ideal world the entire hole is 6000ppm, but in this case 2400ppm is still very good, and the higher grade being towards surface is a huge positive. This is just a random example from Cupim South.

    It seems the high grade at Cupim South may be the top 10m with the 'low' grade being deeper. I'm sure you are correct about the north east, there will be high grade pockets all over the place.

    830.464/1982 is 7.8 square kilometers in itself. If they drill the entire tenement to 20m (being generous here), 1.4 specific gravity which I think is roughly accurate? Thats over 200Mt in this tenement alone?

    So I'm not just focused on the individual holes here, the market wants to see a huge MRE and this very large tenement which I've just confirmed they have almost finished drilling, is significant to me.

    In general I have seen from your previous posts that you are focused on the high grade 4000ppm+, and I'm sure that will reveal itself in the MRE
 
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