Would have to agree with the Potash potential of this one,would love to see another STB replica.
This is one of the main reasons for buying in a few days ago.The other main reason for buying in is for their close proximity to the potential of a new major discovery in WA.
VMC released a very interesting announcement on the 18th April 2011 with regards to their Eucla Moodini Project where they are chasing another Olympic Dam type discovery.
Well worth the read!.
GMM have a very interesting project(Eyre Project,see announcement 15th July 2010 page 7 ),which is not far to the West of the VMC project.They have had two unsuccessful attempts of drilling this target so far.
I imagine if VMCs discovery turns into the real deal,GMM will quickly turn their project into a priority and get the right rig and gear to successfully explore their target.
Cheers.
Add to My Watchlist
What is My Watchlist?