Hello. You have made 111 posts here & are giving unevidenced...

Hello. You have made 111 posts here & are giving unevidenced advice and making what could possibly be viewed as defamatory claims. Friends and family members of sixty two capital ARE NOT cashing out the options and taking pure 70 to 80c profit off the table. There is no evidence for this.

As for VMM's Scoping Study, these are generally only 'desk top' studies using standard industry information and feasibility data from similar companies that have done advanced feasibility studies.

The current praseodymium-neodymium oxide price appears to be US$56/kg. When REE is sold in a "concentrate", generally there is a discounted price for this. In IXR's 20/3/23 feasibility study, the discount was 30%, i.e., the "payability" was 70%. If this is accurate, the current praseodymium-neodymium oxide price for "concentrates" may possibly be as low as US$39/kg.

IXR's estimated costs were US$53/kg at an ore mining reserve grade of 850ppm. At this stage, it appears unlikely VMM will find a single commercial deposit greater than 2,550ppm or triple IXR's grade. I personally doubt triple the grade will result in 1/3 of the costs. I personally would halve the costs for triple the grade. If the VMM costs can be US$25/kg (and MEI insider shareholder previously suggested US$30/kg at 2,400ppm), this leaves profit margin before royalties & tax of US$14/kg. It looks skinny if this is true. Do the math.