However, apart from Brazilian Rare Earths, who's stock price is in the heady heights of $2 plus, the rest (at least six projects) are languishing in the penny stock territory. The best of these is VMM who are into double cent digits.
There has to be some consolidation or unfortunately failure...or, with one or more of the better projects they could look for a cash cow to partner with, in country, that de-risks both of the businesses for long-term stability.
My money might be on Tucano Gold as a perfect target. However, time is running out and its possible that any form of strategic alliance may be out of the question if the latest update from Tucano Gold is on track. Worth a watch and certainly a company to watch.
VMM Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held
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