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Viridis Mining and Minerals (ASX:VMM) has this week wrapped up a pre-feasibility study for its flagship Colossus Project it says perfectly positions it for a global leadership role in the Western market moving forward.
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To break down the “world-class economics” and what it means, Viridis’ CEO, Rafael Moreno, joined HotCopper’s Jonathon Davidson in a Watchlist interview.
“The economics are pretty stellar,” Mr Moreno told HotCopper. “We typically break economics down into foundational blocks, and [the main one is] our resource: We have over 1,000ppm of the magnetic earth oxides as our feed source for life of mine, and that’s higher than our peers’ total rare earth oxides.”
“That’s a big tick,” he lauded, “and it helps with the company’s economics.”
VMM added nearly +2% in value on Thursday’s news, to 55cps.
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