what constitutes a 'great pfs'??, page-16

Hi Mike
The PFS has stated a return of 55% or do you think that is speculation, or that they are just hoping they go it right. You are entitle to your view, but why try to reword a study that has been done scientifically. VMS have imo been very low key in all its reporting. they have not jumped around like some HGO just to name one. Sorry but we don't have a BFS yet you will have to wait till the end of 2011 for that. We do have but not in PFS 50000 t of inferred resource with only 11% of drilling completed. Capex may change between now and production in fact its sure to but how would you put a figure on that outcome. Tin may rise or it may fall in price, also buy that time VMS will have been drilling, with 6 rigs going at it, l will speculate they have a better than even chance of digging up more resource.