Iron Ore & Tin price, page-918

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Ironman2020

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14/10/21

17:46

Post #: 56806896
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Originally posted by Charlieinvest: ↑

Boffa

I'm going to add my 5c worth here
With regards to our WA tenements especially.
I don't agree with how we should treat our WA parcels and I've had several conversations about this with a friend who used to be in mining

Kulin is dead smack in the middle of some major major discoveries ( Nova, Bottington, Julimar) , but for now it's purely a nearology play.
Put some money aside and start Aerial and then ground EM's to confirm if there are any priority drill targets. If there are, get drilling. If you find another major discovery , our share price will light up into the $$$. Then you do a CR. If we find that it's a duster, we put it aside and put no more time or money into it. But we need to find out for sure because as it is now, it's worthless.

CHN and Thor will take care of itself in due course. And if it is a Julimar lookalike as everyone seems to be saying, what's it worth to our share price (30% x $$$$$$). Julimar took CHN to over $3bill MC just on discovery alone. They are still 3-4 years away from any mining activity. However I would not be giving anymore extensions. Period.

If we ever get our results back for GGN and they confirm the thickness and depth, offload it to the highest bidder. Get what we can so we have cash in hand. We are unlikely to do anything with GGN in the short term, better to use any cash we can get of it to progress our other tenements.

In the meantime we progress on Mt Lindsay with the feasibility/Updated JORC which then should open up Govt funding and then put together a plan for progressing it into a mine. Keep drilling the targets and expanding the resource. There is even talk of the Govt possibly funding a processing plant down there.

Riley- Work out once and for all what our press GO price point is and let the market know. If that price point is reached, go hell for leather and get some loads going to help boost our cash in hand.

Not sure what anyone else thinks but this to me sounds like a doable plan and would maximise our share price.

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I agree Charlie one good drill assay in WA could see VMS go like a rocket, whether its Thor, Kulin or other. Certainly have to give AR and the board credit for getting such potentially great tenements. Im sure Boffa will change his mind about WA when we start hitting the Ni that he was after. Originally bought VMS for Mt Lindsay 10 plus years ago I certainly believe there is a lot more tin there than we has discovered so far, but the WA prospects are also huge.

VMS Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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Iron Ore & Tin price, page-918

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Iron Ore & Tin price, page-918

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