VMS 0.00% 1.8¢ venture minerals limited

Slowly bu surely...Todays Australian...........Meanwhile, tin is...

  1. 632 Posts.
    Slowly bu surely...

    Todays Australian.......

    ....Meanwhile, tin is another metal that fails to generate much enthusiasm here. Nothing much happened when Venture Minerals (VMS) announced a quite spectacular grade of 2m at 14 per cent tin, as well as encouraging tungsten grades. Now that Metals X (MLX) has sold control of its two Tasmanian mines to Yunnan Tin, Venture is now the largest listed tin play here.

    Moreover, it is now the last exploration man standing in Tasmania's northwest that is not Chinese controlled, after Savage River magnetite went to Jiangsu Shagang, while Avebury and its nickel, along with Rosebery's silver-lead-zinc, went to Minmetals.

    Venture has $10m in the bank, much of it being spent on 10,000m of diamond drilling.
 
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