Whilst resource size is an.important factor, the key is the quality. MEI was a disruptor in the IAC with it's high grade deposit within an IAC resource and extraction method and recoveries were exceptional. However, vmm might have better metrics that determine the opex and capex along with better basket price.
let's study the progress of vmm:
- Aug 2023 aquisition. 7 drills on site with mre due anywher from the 2nd week of may.
- Recoveries are superior to mei so far
- hreo discovered in northern concessions
- mining licences in place
- northern concessions appear to have less complications
- scoping study in July/August
- jv on separation tech with ixr for 17 ree
Ann: Trading Halt, page-124
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Last
68.0¢ |
Change
0.020(3.03%) |
Mkt cap ! $44.82M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 68.0¢ | 66.0¢ | $9.177K | 13.63K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8660 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 3000 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| VMM (ASX) Chart |