VMS

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1.8¢ venture minerals limited

"VMS" - Multi Asset Resources., page-447

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BigKev14

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06/06/21

00:57

Post #: 53672670
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Originally posted by redned71: ↑

g’day BigKev14
unfortunately you’re right about the market not giving much when these juniors start production. Big jump on discovery, obviously. Next one on Ann of successful feasibility. In Fex case, they got absolutely nothing on first shipment. SP did start moving a month or two after first quarterly that had good numbers on/above forecast. But the IO price was rising by then too. As an astute poster on FEX board has shown us, FEX and IO price are now very closely correlated.
IO back up, but with short LOM (which they’ll probably extend with some drilling later), I also think we won’t see much if anything on production. However, this one has multiple resources, so obviously things happening on the other fronts will influence the price. In the past the market hasn’t liked multi resource juniors. It takes a lot of focused effort to get even one resource up and running properly. big guys have the resources and $ raptor handle many projects like BHP etc. juniors don’t.

as for tin timing, that’s interesting. I’ve read somewhere, maybe here, 3 years. But curiously, there’s no mention of timing in their most recent presentation or quarterly on the tin. Normally we’d see ghant chart with all the remaining issues and expected timings. Feasibility is done; a big tick for that.

all that said, I still like, VMS and am a happy holder. I don’t see this as a short term play. The tin is what it’s all about for me and that will take time. All the others are bonus.

another curious thing is why are they spending $ on drilling for more tin now? They proudly tell us they have one of the largest undeveloped tin resources in the works. Ok, that’s great. But why then look for more now! Surely getting into production with tin is the priority. They have enough for a decent LOM already. I don’t see why they’re looking for more.

anyway, we won’t have long to wait. Sounds like first shipment is due soon. Then we’ll know for sure. be very happy if I’m proven wrong.
cheers,
ned.

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Ned,
I guess the numbers don't stack up or they would have been in production years ago, obviously need more resource and higher grades to get the project across the line for the financiers to pump in the funds.
What is it going to take with the Tin price close to all time highs and the outlook very positive going forward, this is why I have my doubts Railgun that it might be 3 - 5 years before any concentrate is shipped .

Cheers BK14

VMS Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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Last 1.8¢		Change -0.001(5.26%)		Mkt cap ! $43.90M

Open	High	Low	Value	Volume
1.8¢	1.9¢	1.8¢	$125.5K	6.970M

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No.	Vol.	Price($)
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"VMS" - Multi Asset Resources., page-447

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Venture to sniff out high-grade REE targets at Jupiter project, WA

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"VMS" - Multi Asset Resources., page-447

Top Stories

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Westgold sets its sights on top five producer status through merger with Karora

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

GreenX picks up prospective copper project in Germany

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Is oil undervalued?

Venture to sniff out high-grade REE targets at Jupiter project, WA

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News