The 33% you refer to, wall fly, is in fact a direct quote from a Cygnet Capital report and is identified as such in my post. I wouldn't normally reply to one of your posts but there is a point of general interest to be made.
Many posters fail to distinguish between good magnetite grades and good haematite grades. I expect the RIO reference is to haematite grades and these typically do grade much higher than 33%. The VMS mineralisation however is magnetite and for this type of ore, 33% is an excellent grade. Its magnetic nature means that magnetite is easily upgraded to a high state of purity and this gives it a premium value.
- Forums
- ASX - By Stock
- VMS
- heading further north
heading further north, page-19
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VMS (ASX) to my watchlist
|
|||||
Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.90M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $30.82K | 1.802M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 3960393 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 709580 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 3960393 | 0.017 |
18 | 3152378 | 0.016 |
7 | 2473828 | 0.015 |
3 | 1250000 | 0.014 |
5 | 1994067 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 709580 | 11 |
0.019 | 1193568 | 6 |
0.020 | 1266500 | 6 |
0.021 | 1166000 | 2 |
0.022 | 2608154 | 6 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
VMS (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online