RDM 2.86% 17.0¢ red metal limited

Red Metal Banter, page-359

  1. 268 Posts.
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    It is impossible to compare the two as VMS hasn't released any metallurgical results. They are still underway from their Brothers discovery in August last year (now 7 months) per that announcement. Metallurgy > geology/grade/thickness for REE clay deposits. Just look at the Esperance players (OD6, MRD, HRE, WC1) to see this in action.

    From VMS at 01/08/23:
    https://hotcopper.com.au/data/attachments/6007/6007234-3e6d0599a24c0df1e91f54f54483b5e5.jpg
    Feel free to ask again when they release some met, preferably including acid consumption rates, impurity extraction rates so we can do a proper comparison head to head.
 
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