big buy here, page-74

Hey Absa

I don't think that's quite right
Because once our ESG proposal is approved , we are then in line for funding and I think Tin will be added sooner rather then later to the critical minerals list. Also Lindsay has been classified as a critical mine.
So there is various funding potential for Lindsay
If anyone thinks I have my facts wrong please feel free to correct me. But this is as I see it.
VMS is at the crossroads at the moment. We need a lot of things to work in our favour to set the price alight and at this spec end of the market, it doesn't always work out. However I think we have a very good chance of coming good
I've done this summary before but this is for any new investors that may not be fully aware of where we are at

1. Riley- IO is currently hovering around the $150/t USD mark. I think it needs to be over $160-170/t to potentially get going again. And the Aus dollar is at around 75c which doesn't help. Shipping costs still too high. I think it's just a matter of time before everything aligns but only time will tell.
2. Lindsay- Our PFS is currently being updated to cover the underground mine. Tin prices still climbing and not likely to come back down. We are drilling further to try and expand on the 80k tonnes we currently have in Tin. If our management can convince the market that it is indeed viable and that our timeline for mining is assured, we will see a very substantial rise in price.
3. Thor- This is the big short term catalyst- Once drilling is announced and commences , it is just a matter of time before we have confirmation one way or the other whether this is a Julimar lookalike or not. Keeping in mind it is CHN who have stated on numerous occasions that they believe it is similar to Julimar. We will find out soon enough I hope.
4. Kulin- If CHN prove Thor is a Julimar lookalike, watch the flurry of activity at Kulin and another potential JV ( hopefully with better terms for VMS this time)
5. GGN- More drilling required to prove up a decent size resource. And then flog it off I say

We have a lot going on but we need some positive news to get us back on track
Good luck to us all I guess.