We could have our day in the sun within the next 6 months remember Riley is set and ready to go if the environment is right
And not only that, VMS will be a very low cost iron ore producer with no blasting required and railway and port access right on its door step.
From Bell Potter today via FN Arena.
"Bell Potter notes iron ore prices have averaged US$94/t in the September quarter to date and the broker reduces FY15 iron ore price forecasts. The analysts now expect an average of US$95/t in the December half and US$105/t in the June 2015 half. "
VMS Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
