Charlievest, I post the iron ore price each evening. So what? It went down last night. The previous two nights it went up. I copy and paste from where I find these details. I don't change the font size. Sorry the font size is offending you. VMS, indeed all small iron ore miners, are good until the price falls closer to their cost of production. The big boys (BHP and RIO) have very very low costs of production. VMS does not and could become marginal. VMS also has no hedge in place unlike another small producer (FEX) which has hedged 45% of the coming 12 months production at the prices achieved in July (I think this is over $US220/tonne). VMS was too slow to get the mine up and running and is coming onstream during falling IO prices. Some shareholders are also overlooking the ability of the greenies to slow down the development of Mt Lindsay tin/tungsten. I don't hold much faith in Mount Lindsay being a working mine within the next 2-3 years.
VMS Price at posting:
8.2¢ Sentiment: Sell Disclosure: Not Held
(20min delay)