I am starting to realise just how valuable the DSO is to the company. This whole BFS is based on Mt Lindsay as a stand alone project and values the company at 50c a share (approx).
Add in the revenue from DSO and the increase in resource that will no doubt come from drilling at big wilson and it becomes a whole new board game. Then take away the negativity that the environmentalists are contributing and the SP value will move substantially higher than 50c.
The market is running scared (yet again) and the risks are there, but the temptation to buy in is really strong with this project....especially at sub 25c.
VMS Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held