Coffee with Samso

Venture Minerals Limited (ASX: VMS) - The Age of Boron.


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The Boron Story - Samso is Excited.   The Boron story is going to be a big asset for Venture. For those taht are new to the Boron game, you will quickly find that Venture is in the big leagues. Granted that there is still a lot of questions, such as, is there an economic volume, is there an economic recoverable process...etc.   For Samso, the input credit and the potential ability to recover more tin in the process is the game changer. When you look at the major mining projects, it is very often the input m credits of other products in the mine that makes the profitability of the mine. If you look at Olympic Dam, by far the biggest single mine in the world, it is the myriad of other metals that have extended the life of the mine.     Samso's Conclusion   Venture Minerals have been through a wild ride over the two years. There is no denying that there are shareholders who are disappointed with the journey lately but there are also shareholders that have bought at the lows and exited with a handsome loot.   The introduction of the Boron story is exciting. This could be the game changer for Venture. This will create a new dimension for the company as when you look at the market for Boron, it will be an eye opener. If the oncoming data about what Venture have in terms of the Boron is positive, we will be in for another ride.   Whichever shareholder you are, there is also some realities that make VMS a well balanced investment. When you look at the portfolio of projects, they are placed in every stage of the exploration game. You have early stage greenfield exploration such as Kulin and Golden Grove North. Thor which is in a joint venture with Chalice Mining is being explored but is free carried as Chalice is earning into the project.   Mt Lindsay and the Riley iron ore project is the next step up. Mount Lindsay has greenfield to "development". Riley is at mining stage. Riley is waiting for the right market timing and can be turned on when the time arrives.   So my thoughts on a company like this is, its hedged at all ends. There are not too many companies in the sector with this kind of portfolio. I have spoken to many and I will be surprised that there is more than a handful with the well spread of projects like Venture Minerals.   When you have been in the sector for a long time, you appreciate these kind of odds. For this reason, I think that at at market cap of 40M, Venture is definitely worth doing some lengthy research.   Andrew Radonjic has been in this game for a long time and when you look at the price chart in Figure 1, the risk of investing in the company is not ambiguous. One may say you can go to the casino and have the same odds, but as all investors in this sector, we beg to differ. Research and understanding your risk management is the key.   Understand the geology, understand the upside and downside and understand your own risk capability. For these reasons, I strongly recommend reaching out to Andrew and getting him to give you the low down on the company.     Chapters:   00:00 Start 00:20 Introduction 01:20 About Venture Minerals and boron 04:14 Tin-rich borates in Mount Lindsay 12:02 Any potential metallurgical issues? 14:57 How much can be recovered from the cassiterite? 19:56 Uses of boron 23:18 Market shifts? 28:57 News flow 30:22 Why VMS? 31:56 Conclusion
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