cheers,yes that money’s meant to be coming in sept 6th? And re the JV contribution ,I suppose it depends on where they focus on. The Curran’s Find/ Pinchers JV is equal contribution but it’s a small lease area so cheap to drill up I’d gather. RXL need 3 million spend on the other areas within 22 months so hope their cashed up. The OMY JV is $2 million and RXL will have to also refurbish the plant there I believe as they are the manager/ operator. Looking at those tenements, to the West E57/983 has LIT drilling right close to the boundary where the pegmatites are straddling. Maybe VCM are allowing LIT to spend the $ drilling it up and then a deal here as well? The gold for VCM? Interesting to see the timing for the eastern pending tenement. E57/ 1129 applied for on the 18/06/2019 -the JV finalised 2 days later!
VMC Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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