Now that VMS has Riley Iron Ore Mine in production, I thought I'd create a thread on Mount Lindsay.
I have no doubt there will be some games with the VMS share price relating to Iron Ore and the Riley Iron Ore Mine for the next few weeks prior to actual first shipment of iron ore and actual banking of money; remember it's no longer 'if' but rather 'when'.
This is the Samso video on 14/08/2021 on Tin and Mount Lindsay with Andrew Radonjic about a week ago but watch from 21.00 is when Mount Lindsay is discussed.
The most recent ASX announcement relating to Mount Lindsay was 3 months ago (26 May 2021); see: Drilling commences on High Priority Tin Target - Mt Lindsay
I forgot who but someone on HotCopper said that the drilling results of Mount Lindsay must be bad due to the delay of the drilling results.
Hello? Andrew just did an interview with Samso to discuss Tin price and Mount Lindsay about a week ago and logically does anyone think Andrew would do an interview with Samso about Tin price and Mount Lindsay if the drilling results were bad?
21:00 Start of discussion on Tin
21:45 At the RIU conference it broke US$30,000 then retreated back a bit and Tin the past has been prone to do that. We seem to have a structure change with the need to work at home and Electric Vehicle.
23.15 Done a feasibility study and we'll dig an open pit and go underground with CapEx $50M instead of $200M for an open pit
24.12 We are going to use the Riley equipment to put at the front end of the plant (Mount Lindsay)
26:00 Mount Lindsay is the flagship of the company there is no doubt about that
26:30 Market has not appreciated the Tin (Mount Lindsay)
26:50 Don't be surprise if Tin gets to US$40,000
28:35 We've only drilled 10% of our targets
30:30 Don't be surprised if Tin gets onto the Critical Minerals List soon like Tungsten which there will be interest in government assistance (should we need it as an added bonus)
32:45 You've only touched 10% (was a bit unclear at 28.35)
Interestingly only 10% drilled of targets and I believe Tin will be above US$33,000 tomorrow.
Hopefully, we get an announcement soon but to suggest the drilling results of Mount Lindsay is not good due to delay does not make sense if Andrew rocks up to a Tin / Mount Linsday Samso interview about a week ago.
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Now that VMS has Riley Iron Ore Mine in production, I thought...
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