daytrades feb 2 afternoon, page-106

VMS In the recent quarterly by VMS their resource is stated as above 120,000 tonnes of tin equivalent. We know this will substantially rise particularly with their most recent "best" drilling with 30mtrs at 3%.

Anyway, without taking into account costs they have approx. 120,000 tonnes @ US$30,000 per tonne totalling $3.6 billion worth of resource and growing.

Market cap $120million odd
Cash at bank $26 million

Conclusion: Cheap!

BTW, the 3 main tin stocks (VMS, MLX, KAS) up strongly today, sense there is a big rerating coming.