STTCOMP VMC FA LONG Shares- 69,636,623 M/cap- $14m approx...

STTCOMP VMC FA LONG

Shares- 69,636,623
M/cap- $14m approx

Australian-based mining explorer which has been on the nose for most of this year. Had a nice run during the Li boom around April 2016 but punters lost interest as management seemed not to acknowledge that the boom was happening.
This might be changing now - the last month has been a busy time for VMC.

1 - October 4 2016 - placement completed at $0.15 raising $1.2 million. To be used for:
a) RC Drilling of defined geophysical/geochemical ‘intrusive pipe’ targets at the Curara Well Copper-Gold-Diamond Project in WA; b) RC/RAB Drilling of defined structural and geochemical targets at the Poona Lithium Tantalum Project in the Murchison, WA; c) RC Drilling of defined geophysical targets at the Manindi (Inky) South Copper-Zinc (Youanmi) Prospect in WA;
d) RAB Drilling of defined EM targets at the Sandstone Gold Project in WA;
e) IP Survey to establish orientation of high‐grade lodes within the established mineralised envelope at the Pincher Well Zinc-Copper (Youanmi) Prospect; and
f) Working capital purposes.

2 - October 17 2016 - Poona lithium project: drilling commences over high-grade lithium targets.
The Poona Trend is a lithium-rich trend approximately ten kilometres in length and hosts a number of known lithium occurrences, with surface sampling having returned high-grade lithium assays of up to 1.93% Li2O(refer ASX release 17 August 2016),
Poona East was recently identified during regional reconnaissance, with surface sampling returning multiple high-grade lithium assays (up to 2.58% Li2O) (refer ASX release 6 October 2016), over more than 1,000 metres of strike.

3 - October 24 2016 - Youanmi Project: drilling commences on Inky South EM target.
Historical drill intercepts from the Inky prospect include:
SYMD0006 6 metres @ 1.03% Copper & 6.6 gpt Silver from 158.3 metres
SYMD0011 4 metres @ 1.44% Copper & 7.1 gpt Silver from 209.0 metres

4 - October 26 2016 - Curara Well project, Doolgunna: drilling commences on geophysical targets.
Drilling has commenced on the Curara Well Project at Doolgunna, located 10 km northeast of Sandfire Resources DeGrussa Copper Mine and 10km Southwest of Plutonic Gold Mine.

5 - October 28 2016 - Youanmi Project - Pincher Well Zinc-Copper: unrecognized gossan and exhalite overlies North Dome IP target.
Exploration at North Dome continues to validate and highlight the known mineralisation and interpreted ‘southern extensions’ as a high priority target for drill testing in November 2016.
Venus Metals has estimated a substantial ‘Exploration Target’ for the North Dome of:
15-25 Million Tonnes @ 2-8% Zinc and 3-4 gpt Silver, including high-grade lodes grading >10% Zinc with associated Copper & Silver.

What I know about geology would fit rather neatly on the head of a pin, but VMC has 3 active drilling programs underway now in some highly prospective areas. This is, I think, what the market has been waiting for.
The share price closed at 20c today, having gone up about 33% in the past two weeks on some decent volume for what is usually an illiquid stock.
Should be some regular news now as the drilling campaigns progress and assays are completed.
Might be holder's bias, but this might have some legs in the coming 1-2 months.