How do VMS pay for the tin?, page-13

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Watchfulbull

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21/09/21

09:31

Post #: 56226246
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Originally posted by redned71: ↑

G’day all.
I was drawn to VMS like many others with the prospect of the tin being developed and that would have a portion of that cost covered by the IO sales along the way. That’s now dead in the water. IO down to $93 on SGX today and still falling.

so how do they pay for all that needs to happen to get the tin Into production? I’ve seen some suggest the government will pay for it! Not going to happen. That’s not what government does. They will facilitate, help, encourage and may get some $ to them, but it won’t anywhere near what is needed to develop a tin mine.
market cap is so low, a CR won’t raise enough either.

maybe they bring in a strategic partner that take a % of it? Better to have a smaller % of something, than 100% of nothing dunno. Can’t think of any other options.

I’ve not seen anything from management other than they’re going to fast track the tin, but their timing forecasts don’t seem to have changed.

now I know I’ll get accused of being a down ramper. Anything other that everything’s fine seems to be hammered. But I’m a holder and believe that the tin will get developed. I’m just not sure it’s going to be by VMS. I sure hope they can find a way.

cheers,

ned.

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Hey @redned71 these are my ponderings to - how can we keep Mt Lindsay on the fast track to production?

Its a well advanced project with low capex, previously stated as 50mil but increased costs recently I'd say more like 80mil.

I mentioned on another VMS thread, that I'd be happy to see us offload one of our projects to assist in funding. To be honest I'd be happy to offload 2 projects. I know this would be controversial with some holders. What would NGG and Kulin be worth and could they be sold outright rather than a JV or royalty stream? Perhaps not immediately but in the next 12-18 months once they have proved up a bit more.

If we could get say 20mil for those 2 projects + 20mil CR and put that with 40mil govenerment or bank debt, could that be a viable strategy to get Mt Lindsay up and running?

Would also be happy for a TO but I cant see that happening at any decent SP.

AIMHO

VMS Price at posting: 4.9¢ Sentiment: Buy Disclosure: Held
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