sophisticated holders sold their shares, page-41

Dear Oh Dear,

Whats happening here...

A mini feud has erupted in of all places on V.M.S.

Do you know what that means? It means we are so close to liftoff now it's not funny.

Some "persons" have admitted, they are hoping, to average down in SP, thats their gamble.

If they had doubts about the operations logistics and economics they certainly wouldn't be buying back in.

PFS may be released today, tomorrow or next month... But there will be few entry points left under 70 IMO when its released. Just watch all those sell orders get pulled when PFS comes out!

Most likely being a price sensitive announcement they could have a trading halt for a day or two before releasing the PFS results.

For those who may have become somewhat concerned by the negative comments of a few posters in the last day or two let me refer you to the latest quarterly for some very reassuring information.

Bottom of Page 2 states...

Notes:

1. The Sn equivalent formula used to calculate the Sn equivalent values is as follows: Sn Equivalent (%) = Sn% + (WO3% x 1.02306) + (weight recovery % of magnetic Fe x 0.005702).


2. The mass recovery of the magnetic iron is determined mostly by Davis Tube Results (�DTR�). Full details are in Appendix Two.


3. This formula uses a tin metal price of US$23,850/t, an APT (Ammonium Para Tungstate) price of US$244/mtu (1mtu =10kgs of WO3) and an iron price of US$136/t


4. The metallurgical recovery for tin is 71%, for WO3 is 80% and for iron in the form of magnetite is 95%. These recoveries are based on "significant testwork" used to support the Scoping Study as stated in the ASX announcement of 14 May 2010.


5. It is the Company�s opinion that the tin, WO3 and iron in the form of magnetite as included in the metal equivalent calculations have a reasonable potential to be recovered for when the Mt Lindsay Project goes into production.

Speaks for itself really.

Hey Turbo,

In answer to your question, I called yesterday and I'm waiting for a call back (fingers crossed). If I get anything I'll be sure to let you all know.

Volume is increasing, TIN hit new highs again... The price could fall, but I have a feeling that juicy order at 50 may go begging.

Time will tell.

GL to all VMS holders.