VMS 9.09% 1.2¢ venture minerals limited

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    VMS Notice 12/08/2020

    FID based on price of US$90.00t for 62% Fe.
    Tables state we have 57% grade which will be paid at a lower price.
    Operating Cost of A$56/t fob (notice 22/08/2019), we are yet to see an update on this and may take until Xmas with plant at 100%.
    Expecting A$31 million cash surplus over 2 years.
 
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