VMS 3.70% 2.8¢ venture minerals limited

Ann: JV on Golden Grove North with SensOre, page-35

  1. 219 Posts.
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    From memory I’ve had shares in VMS on and off for @13 years. Lost about 25% on the first lot when iron and tin mine didn’t happen. So valuable lesson learned from that, luckily it wasn’t much. Plenty of other have owned as long, one of them, not saying who but they have the record of buying in @60c.
    The tin I think is uneconomic at current price, maybe even with the tungsten. The other co products are going to help as well as the boron but still not seeing a return to justify financing. Need a sustained tin price of over US$35000/t , im pretty sure this will happen and government backed or similar financing partial or whole to make it happen. Also will need jail time for recidivist BBF members, they don’t take any notice of court orders.
    But mostly we need to spend more on drills assays and exploration less on BOD. Pick one or two of the best tenements and explore them properly, not just keep adding more and putting them on the back burner. But unfortunately even if they find something the constant dilution has made it very challenging. We will see what level of support this CR gets. Zero from me.
 
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