VMS 0.00% 1.8¢ venture minerals limited

all guns blazing, page-6

  1. 632 Posts.
    don't under estimate the sheer size of the drilling program in place currently. They are expending 800k per month on it with all drills running hot. There is clearly a strong determination to define this resource very quickly and get things underway. This area in Tassie is well known for mining (ie has local support), there is all the infrastructure needed to get Tin and Tungsten to market and the resource has already reached a level to make it financially viable. Judge for your self what the Tin and Tg demand is like with China's hold and monopoly on both metals.

    The result whilst excellent, it is actually not the one most have been waiting for, we still have an increase in Tungsten still to come shortly. But none of these reports should come as a surprise to those that hold and know whats going on here.

    What we need however is cash and lots of it....800k a month means sometime next year. What's required before that is the current general market sentiment to change for the better and the price to get up around 50c before the cap raising, thus minimising the dilution..

    This for me is one of the top speccy stocks on the market currently....price is still low and a high demand resource being defined with all the local facilities available to market it. If this had been in the Pilbara there would be all sorts of infrastructure issue to overcome yet the price would likely be double what it is today??
 
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