Ann: Venture drilling at a new high priority REE-Tin target, page-129

Without prejudice it does.
Any studies over the last few years and including the potentiality of Nickel and Boron I am not au fait with.

The fact that the original OP design was modified to UG was of concern to me and I am not aware of the increased costs that may be involved and the total ore ( mining) recovery compared to the original PFS.
It appears that everyone on these threads is similarly in the dark judging by the calls for release of the long awaited new documentation.
The extraction of additional materials, increasing marketability?and decreasing ? costs is laudable but also intriguing -
whether it is a requirement for viability or
serendipitous leading to super returns from a polymetalic mine.
The latter I much doubt.

1. Regarding the magnetite ... again I am not aware of how much magnetite will be a by-product of the new mine design but
the logistics of production to pellets to be exported from Port Latta would appear difficult and the economics of it thereby may be moot.
2. The environmental and environmentalist issues are a major concern.
3. Milestone management and shareholder communications have also been below expectations.
4. The lack of core focus distributed between Tas and WA tenements and the paucity of funds also is of concern.
5. I just dont see the risk/return anywhere near good enough personally at this point.
( I have been invested in VMS previously)
6. The recent capital raise result is of concern.
7. Future support cf. project/s history.

Some posters have been giving the MD and board a kicking and whilst I have alluded to some elements of the part reason for that, directors face difficult conditions and those of the last decade have been very difficult specifically for this co.

For me my Tin,Nickel, Copper and REE stocks currently held offer production and potential much better IMO than VMS.

As previously posted, I wish the Co success.
I believe many have worked hard to bring about a positive result from an identified ore body, at great expense.
Whether an identified ore- body will be viable is a problem facing all successful? explorers facing macro economics commodity cycles/ trends.

I have noticed however threads filled with posters considerably ignorant of exploration and project feasibility, overly optimistic expectations and obvious ramping.
This can be expected when people have overinvested on gut feel and are trapped in myopia and groupthink.
It is likely we have all been there at some time as 'newbies'

I am no expert nor offering financial advice - the above is my genuine reply to your question based on considerable time investing/ punting on materials stocks on the ASX particularly.