VMC 2.53% 8.1¢ venus metals corporation limited

Ann: Youanmi Vanadium Project-Major Breakthrough, page-37

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  1. 5,466 Posts.
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    Grade is not as important as ease of mining and met.

    We have a friable horizontal ore body from surface, and met work proved up.

    Other V's have high grade vein ore bodies which have to be chased by UG mining or fresh rock vertical ore body or in weathered oil shale which presents the problem of what to do with the oil in tailings if not economic to extract by solvent or retort.

    The MASSIVE upside to VMS V is the 1 billion tonne prospect which lies just to the south west of the JORC'd deposit [which lies on a granted ML, by the way]. If that deposit matches the existing project for grade, ease of mining and met, then Youanmi V is a Tier 1 globally.

    My views are my own, please DYOR

    Oppies strike 30/11/2019 at 20c -- check the latest B3
    Last edited by JandJ: 15/09/18
 
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