Ann: VMS:Chalice commences EM program on Julimar lookalike target, page-23

VMS is about 3-5 weeks away from delivering their first iron ore shipment into record prices.

This is why I am up to my ears in them - over the next 2 years they are going to have cash coming in > their current MC and more than enough to fund their various projects.

large scale exposure to the CHN/Julimar thing is a bonus to be sure that could move the needle a LOT, but they have other irons in other fires, including an advanced tin/tungsten mine which doesnt sound sexy until you check out the current and future projections for the tin price.

VMS is a rare breed - a small MC explorer that will be cashed up to the eyeballs which puts a very sturdy floor under their price.

(which incidentally is the reason why I got into CHN pre-Julimar in the fist place - a cashed up junior with some interesting gold projects in Vic. Nobody from those days expected Julimar, but you got to be in it to win it)