Ann: Mount Lindsay delivers Australia's 3rd l, page-9

re: Ann: Mount Lindsay delivers Australia'... PP

I agree, in isolation the tin resource is low grade and may be uneconomic. However, contained in a mulit-commodity ore body, its a different ball game.

The MD has previously pointed out that the tin will likely be free carried from mining the iron ore. Add the tungsten to the equation and we have a potentially very valuable deposit. Let's hope it all stacks up from a metallurgical point of view.

VMS now need to "mine their money" to advance the project as quickly and cost effectively as possible to turn the international interest to firm approaches. Low cash reserves and will have to return to market, but at least they have a tight capital structure so we can wear a few more dilutive raisings along the way.

Very happy to put VMS in the bottom drawer and see how this plays out. Still a high risk speccy play, but good opportunity for significant upside (ie, multi-bagger).