Phenom Resources Corp Com V.FVAN

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:End of day run

[alex7759]

"I am expecting at least a 200-300 million marketcap!!! "

i'd be not so euphoric 

i did some research and found some old  reports ( 1968) to the Carlin deposit.

Based on this documents Carlin deposit ( mostly sulphide ore)  is rich with calcium and magnesium carbonates which consume acid and judging for low recovery on weak acid.
Elimination of the carbonates by additing of the appropriate acid prior to NaCl roasting slightly increases the vanadium extraction, however the acid consumption required per pound of V2O5 extracted was economically PROHIBITIVE.

In last letter Danny Deadlock pointed out the following:
"Unlike most types of deposits where you have no idea what metals are contained within the rock (until assays come back from the lab), this black shale is different. Based upon their drilling results to date, they are learning visually what "may" be higher grade. Darker (blacker) shale for instance has been known to contain higher grades of vanadium. Whether that is a "consistent" pattern, remains to be seen. But a geologist like Paul will know exactly what he is looking at (and for)"  

I'm quite sure they saw there plenty of carbonaceous ore..  
However the "geologist Paul" can't tell the difference between carbon and vanadium:)

P.S. i've sent a mail to "geologist Paul" with a request to explaine last met test  results with 95% recovery. I'm tending to say it was "fake news".