No reference to the Rox/Venus JV drilling in Q1. That does not surprise me as imo relationships are frayed. Rox is drilling 100% Rox tenements and the OYG JV where they have a 70% ownership. Matty has turned his attention to Range View, he's not even exploring the VMC 100% tenements next Bonanza (SBR). And Range View is looking promising with 11m@ 4.69 g/t from just 8m better than anything the Venus JV found at Younami. IMO Venus have iced their role at Youanmi and are expecting a deal (probably an offer from Ramelius). So why spend money now when Rox will do the hard yards for you. Venus is also a large shareholder of RXL shares. Of course the jewels of Younami are the OYG projects with Grace, Junction and Link, the Pollard Shaft extension and the Youanmi Deeps. These are all projects that Venus has a minority 30% ownership but they could punch above their weight in TO negotiations
VMC Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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