Phenom Resources Corp Com V.FVAN

RE:RE:RE:Boom!

[Therookie88]

Our mining costs are 4.29 a pound in our PFS but we expect upside in our DFS that compares pretty well with Largo who are 4.10 or so... mate we have been sliding cause the whole vanadium sector in Australia never really took off and we had that major correction in December, we don’t have any vanadium producers listed on our ASX, like you guys have largo so it never really gained the interest that TSX stocks did plus we have had 2 capital raises because DFS studies cost a lot of money... the drilling and metallurgical work isn’t cheap.. It’s cost us 10 million to go from PFS too DFS so the dilution has meant our shareprice has suffered you know what capital raises are like..  

we already have produced 99.7 percent purity and we have high contents of base metals in our resource too

our resource starts at surface and outcrops to and we have a major resource upgrade coming out in the next two weeks, our strip ratio is set dramatically improve too with the new drilling data meaning steeper pit walls..

honestly mate it’s a truly world class resource, according to management we are close to offtakes and DFS in 3 months, I truly cannot believe our market cap... if you can buy Aussie stocks mate I think it’s worth taking a position while at these levels we are funded to DFS, Western Australia best mining juristiction in the world... do your own dilligence but if you read seeking alpha TMT is there favourite also