another rally of support, page-8

Sniff, your logic make sense but there's not much logical analysis going on at the moment. Cash in bank worth 5c per share, DSO projects worth 50c and the Tin project worth 50c, yet the SP stands at 12c. Crazy stuff but it reflects the power of the Greens

As a reminder from a broker report at the end of last year....

Venture Minerals (ASX:VMS) has released their Feasibility Study on their 100% owned Mt. Lindsay Tin Project.

The Bankable Feasibility Study outlines a $200M capex, which includes a 35% increase in capacity to 1.75Mtpa, good for a mine life of 9 years based on the current 14M tonnes of reserves. We expect the life of mine to be extended, as the company is still exploring on its tenements and has discovered more tin at the Big Wilson project, approximately 6 kilometres from the Mt. Lindsay project.

The project has a payback period of 4 years, and a NPV8% of A$143M, or approximately A$0.50/share. We would like to remind you that this does not include their DSO iron ore operations, which will start next year. It is possible the cash flow generated through these iron ore sales might cover the majority of the equity funding for the Mt. Lindsay project.

We will add Venture Minerals on a dip.