VMS needs to move and move fast now to get their iron ore project going I would have wanted to see this happen this QTR as time is not on our side.
The good news is our dollar is low and the cost to get it out of the ground and to port is rather cheap so we have some flexibility.
Even if the iron ore price is going down to say $80 /tonnes or less we still have a good margin and for a small company like VMS this is still cream on the coffee.
I have doubled my holding because I want my money back...... lol
Ann: Riley Resource Statement updated amid ongoing Mining Study, page-28
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