I think your estimate of 50c is a little under estimating things market sentiment. We have been watching the Iron Ore stocks flying over the past few weeks....as an example BRM breaking through $3 today, was well under $1 last year.
I recognise that VMS isn't in the same class (resource wise), but many of the IO stocks flying at the moment don't have the infastructure access that VMS does. Given the commitment to the Tassie project from management, the move from JORC to production will be far quicker than most.
This will go much higher than 50c in my opinion.
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I think your estimate of 50c is a little under estimating things...
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