Hi guys, Since VMS moved to Thailand they had some very...

Hi guys,

Since VMS moved to Thailand they had some very promising success by finding base metals and now also rock samples of high grade gold.
If more exploration and drilling results back up their early findings then this on its own could become a back to life situation for this company and us share holders.


"Iron ore added 4.9 per cent to $US55.90 a tonne, snapping a five-session streak of either falling or holding steady.
The price rise buoyed a number of major producers in London trade. Australian mining giant BHP Billiton put on 2.3 per cent, while rival Rio Tinto added 2.2 per cent.
Meanwhile, Anglo American shares jumped 6.9 per cent and Glencore added 3.4 per cent.
The gains come as Vale chief executive Murilo Ferreira says he expects the commodity price to hold between $US65 and $US80 in the long term, according to media reports
Today I read the following regarding iron ore prices in the future."

If the above is going to happen then our DSO iron ore will be back in the market, having according to the BFS of VMS a figure of A$47 FOB.
As long as our dollar stays low they will make a good profit on this figure.

So it is very well possible that the future is not as bleak as some of us may think.

good luck

jojo