Whether current management or future management gets it out of the ground, the point is that the rapid, continuing, and almost certainly permanent rise in tin prices is a great thing for this stock.
Anyone who says "yeah, but it's still in the ground" is missing the point. The price is so low precisely because it's still in the ground. If it was being mined as we speak, the price for VMS would be in multiple dollars. As the resource gets developed, and milestones along the way are achieved, the SP will re-price to meet interim markers along the gradient between the current SP and the multi-dollar SP that would be happening if tin was being mined right now at $50k/tn.
commodities going berzek, page-26
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $43.90M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $51.03K | 2.821M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 7323805 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 2871521 | 10 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| VMS (ASX) Chart |