VUL 5.32% $4.55 vulcan energy resources limited

Ann: Updated Ortenau Indicated and Inferred Resource, page-86

  1. 5,742 Posts.
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    Im not saying they pulled the number from anywhere, just that the inferred resource of 16Mt can never be relied apon because in the company's own words..

    "The resource evaluation in this news release has wireframed ‘all’ faults within the Permo-Triassic strata underlying the Ortenau Licence into fault zone domains. The reader should be aware that the reality of any geothermal exploration program is that only a portion, or portions, of the fault zones will be targeted with a production well(s) at the Ortenau Licence."

    Why is this so hard for people to understand? mbot gets it. Its extremely unlikely they are going to construct expensive geothermal plants all over the licence area so its disingenuous to claim Europes largest Li resource.
 
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