VML could be in for a re-rate. Announcement due any day now for their Bella Tondi drilling which provides amazing results in previous drilling.
A current market cap of just 13 million.
They are have a large tungsten project in Queensland.
The Watershed Deposit ranks among the 10 largest unexploited non-Chinese tungsten deposits worldwide. This JORC (2004) compliant resource model has been classified using JORC Code and Guidelines and Measured, Indicated and Inferred Resources total 49.2 million tonnes of ore at 0.14% WO3 for 70,400 tonnes WO3 (7.04 million metric tonnes units – mtus) at a 0.05% WO3 cut-off.
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