Ann: Vimy Equity Raising and Share Purchase Plan Presentation, page-10

The old smart argument.

Sachem Cove as you probably know have a U thematic fund. There is a universe of 60 listed stocks globally; many of which are micro-caps (which I will not mention due to possibility of getting modded re: cross-promotion). Then they would most likely divvie up some of the fund based on mining jurisdiction. I reckon there are only 2 pure play ASX U co's with a mine/project in Oz (I discount the mob with the soon to be closed mine).

Now the great Twiggy. His exposure in VMY would be a small % of his last FMG; equivalent to me finding a gold coin and putting it in a poker machine.

As mentioned by the other fella, VMY compare very poorly to peers when comparing $ spent on Exploration/development v. O/H.

Wiluna imo, is a good project. Compares favourably to many peers. But why go after a greenfield project with a depressed U price? Is it to justify O/H expense?