VMY 0.00% 19.0¢ vimy resources limited

Rolling the dice with Vimy, page-13

  1. 840 Posts.
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    IMO, almost nothing is wrong; Mulga Rocks is ready to truck, the resource is exposed etc, and it is a nice resource. Angularli in the NT is shaping up to be a lot bigger, with geology very similar to 'hot' areas in Canada.
    The government approvals are all but set and both the WA and NT governments are onside.
    My 'almost' is because of the capex required to being on production at Mulga and then more money to define the NT a bit better.
    Mike tells a great story and one can only guess he is telling that to potential buyers, potential JV opportunities/major investors, etc.
    Or in another setting, if you don't chat the chicks up you won't get far wink.png.
    The back story, in case it has been missed (I know the Spot Price means diddly squat in the real world of long term contracts but this chart looks nice)
    https://hotcopper.com.au/data/attachments/2113/2113266-5f4f81dd90737d5b78d998c3bcddedb4.jpg


 
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