VMS 5.26% 1.8¢ venture minerals limited

Ann: Venture takes major step towards Riley Iron Ore production, page-75

  1. 2,933 Posts.
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    Absa: The focus was getting the Iron-Ore out, there is not much point in continuing to drill whilst ever the road issue was there. The funding is still there and as soon as they commence production of the I.O they will then be in a position to not only bring a rig in to drill those targets, but to also do extension drilling over the I.O and the Tin / Tungsten. Also, remember our strategic minerals are Tin/Tungsten this should also attract further funding. But to answer in short, I believe the drilling never had a time limit on it and was also subject to road approval. Much the same as getting pre payments form our off take partner........Morning Star valuation on VMS today = 0.030 cents....smile.png
    Last edited by posiedon ark: 15/06/20
 
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