The issue is the market hasn't woken up to the fact we have Mt Lindsay.
I commented on a VMS post on Facebook a few weeks ago and said that nobody should be buying into VMS solely for IO as it's not the main game. Had a few blokes reply to me saying "myself and everyone I have spoken to bought VMS for the IO". That's partly why VMS SP is where it is - market is seeing us as only an IO miner.
Our market cap is circa 100m, which is approximately the dollar amount of IO we have in the ground (1.6mt). Market hasn't realised the huge amount of Tin and Tungsten at Mt Lindsay with estimates we're sitting on a couple of billion dollars worth. Factor that into our MC and we are not a 100m MC company.
The only issue is management steering the ship in the right direction and starting to get the good stuff out of the ground
Ann: Venture Books First Shipment - Riley Iron Ore Mine, page-448
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