VMC venus metals corporation limited

My broker has suggested I should try and ask some Venus experts...

  1. 2,521 Posts.
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    My broker has suggested I should try and ask some Venus experts if,

    - the Youanmi mine closed primarily because it hit an aquifer and it would not only take many $millions to rectify by injecting concrete, but also years to ‘try’ and dewater? Or had it simply run out of economic ores?
    - how quickly can the old decommissioned operation be up and running again?
    - are the current ore resources at Youanmi mostly refractory in nature and of a much lower grade than those previously mined economically? Is that why nobody has tackled it properly in 29 years?
    - what other metals are associated with that gold that may make recoveries more difficult?
    - what is the honest cost of renovating the Youanmi production facilities to commissioned volumes? Could it really be speculated $25 million plus?
    - is there a large environmental clean up liability attached or associated with that old project, as it looks very messy from satellite images?
    - do shareholders believe VMC would get a mines department approval to build a substantially bigger pit over an aquifer like this one?
    - would you get approval to mine anything underground if there was a risk of such flooding again?

    i can immediately think of some neighbours who will now be investing time and money lobbying all levels of government for some other environmentally sound development options ariund that region
 
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Last
11.0¢
Change
-0.010(8.33%)
Mkt cap ! $21.57M
Open High Low Value Volume
11.0¢ 11.5¢ 11.0¢ $22.65K 205.7K

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No. Vol. Price($)
1 181818 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
12.0¢ 66638 3
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Last trade - 14.08pm 18/07/2025 (20 minute delay) ?
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