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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- Yourupmi project questions please
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My broker has suggested I should try and ask some Venus experts...
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Mkt cap ! $21.57M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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3 | 53733 | 0.105 |
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Price($) | Vol. | No. |
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0.120 | 66638 | 3 |
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0.135 | 49999 | 1 |
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0.150 | 154307 | 6 |
Last trade - 14.08pm 18/07/2025 (20 minute delay) ? |
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