the REO price has been steadily rising and there's articles and reports over the weekend of a "surge".
Will see what SMM updates to later today, but most oxides were sup across the board on Friday.
VMM is one of few profitable based on SS results at current price. Meaning its sustainability as a profitable project through all price cycles is safeguarded.
we saw the price here hit the all time low roughly and bounce decently. 15M EV currently. If the prices keep steady or rise all the REO stocks will lift with.
economical ones will get finance and offtakes. Brazil is topical as one of the only external ex China supply. There are project is development elsewhere, but studies show them as not profitable unless ndpr prices and others rise substantially. between serra verde, MEI and VMM they'd be the 3 keys ones that looks sustainable on the long term. Merger Acquisitions have to be being considering in the background currently. But that's just my opinion and it's speculative of course.
what isn't so speculative is that the SS here shows the project viable at spot prices. By viable it's actually quite viable. Rising prices into offtakes makes this much more likely to be financed. hopefully we're not nailed by someone cheaply before the next run.
SF2TH
VMM Price at posting:
24.5¢ Sentiment: None Disclosure: Held
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