To many posters have short memories and seem to conveniently forget that the development of the iron ore mine was prioritised to fund the tin/tungsten mine. Admittedly this project has been slow to get ready for export and a short term price drop has meant we are unable to export at present. Hopefully when China finishes with the winter games steel production will surge and make it viable for vms to export again. In the interim we are now reviewing the tin/tungsten project with a move from open pit to underground. For a small cap company with out large share numbers issued, a small management team, and a very modest capex let’s stay patient and give the current management time to progress our multiple projects.
cheers ns
dyor
Ann: Mt Lindsay Sn-W Underground Mine Feasibility Study started, page-32
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