All eyes will be on VNS' expected field activity soon. The...

All eyes will be on VNS' expected field activity soon.

The upcoming quarterly should provide us with an update of how its activities will be scheduled in coming months and any significant news item on that front will be the start of a new price move up IMO.

I can't see VNS hanging around its current share price with the knowledge that it will soon be out there drilling its first holes at its Yalgoo iron ore project (presumably). Iron ore stocks have benefited recently with large price increases anticipated being announced by the majors in coming months. This will ADD to the gloss that VNS has for its own Yalgoo project:
We know that high priority Joker DSO (goethite/hematite) iron ore target has potential of 5-40 Mt @ 58-62% Fe (ASX March 2009 Quarterly).
** Rock chip assays have graded up to 64.9% Fe, with an average grade of 59.3% Fe.

Also, VNS have applied for other potentially company-making projects that could add considerable value to the company, as reflected in increased market capital.

VNS ticks the boxes:

1. Experienced, deal-making management;
2. Exciting current iron ore project about to be drilled in coming months;
3. Exceptional technical director with an eye for picking up ground that has potential for large projects, prospective in various metals;
4. Cash already raised for the first round of drilling activity;
5. Good links with broker;
6. Backers have got plenty of cash to support the stock;
7. Extremely tight and minimal shares on issue (fully diluted for options, only 40 odd million shares on issue) - this adds potential for a MULTI-BAGGER!

All in all this adds up to an exciting near term move upwards for VNS IMO.