Time for the market to also take note of the value of Mt Lindsay and the relative importance of Tin to EV demand dynamics.
Why: Note the move in ELT today - tin assets in Spain - market now values these assets at $30-35m.
Vms total market cap is $55m and is also inclusive of Mt Lindsay with a Reserve of tin/tungston =46,000t @ 0.6% sn equiv
BFS NPV $143m 2012.
Commodity prices in 2012 used in BFS are in A$ terms relative to that of today ( with exception of Tungsten)
Worthy of a peer comparison via a review of Economic study headlines - note VMS is a larger and more complex project ( given the other commodity credits- copper, tungsten, magnetite).
VMS BFS link
https://www.asx.com.au/asxpdf/20121107/pdf/42b12qxl5r5cz3.pdf
ELT study ( refer page 6-7 for summary)
https://www.asx.com.au/asxpdf/20201111/pdf/44prqv4dfkcbyk.pdf
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