VTM made the mistake of throwing the net way too far, if you look at mt weld , it's 1-2% everywhere but Lynas only focused on the high grade to get the project profitable and off the ground which is like all mines normally.
VTM should have held off a MRE until they could get continuous 1000 or 1500ppm sections to join together to make a resource.
instead they have gone somewhere to make a resource without the knowing that you require definition drilling to constrain the block model and join the high lenses together
rookie error that has undone a lot of great met work and Cerium anomaly analysis
how can you get serious market cap when the MRE is complete garbage
now they need to show they can fix this with a target 2.0 MRE of 1000ppm+ or 0.1% and show that because of the heavies, it's comparable to peers of 0.2 or 0.3%
its not just limited to VTM, all clay explorers seem to be tripping over their feet at present, whoever can figure it out will grab the 100m+ market cap where cap raising is a lot easier
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