This latest intercept is the real deal. The core shows that they...

This latest intercept is the real deal. The core shows that they are above the boiling zone of a VMS deposit, which is why they have attracted institutional attention and a complete underwriting of the options, which brings in over $11m of new capital and a substantial drilling budget.

They are wedging off the current hole and going down lower, which is where they expect to intersect the VMS main body through off these feeder zones. I think this is an extremely good punt at this level and could be looking at the next Nova size discovery.

Chris Daws is a lucky SOB to have hit this a month before the expiry of the options - I thought they were dust a few weeks ago! Now completely underwritten.