I think VMS are drilling for more TIN as EV is the future.
VMS don’t have the money now from Riley Iron Ore as it will take months before we have enough money to put TIN into production from a cash point of view so why not continue exploration while waiting for the cash to flow from Riley Mine.
VMS can’t sit around and tweedle its thumbs while waiting for the cash flow to come in for Riley Mine.
If VMS started production at Mt Lindsay and uses its $10M (give or take) in the bank and fall short of money to complete the Iron Ore shipment costs etc, there will be rage on HotCopper and shareholder if another Capital Raise occurs.
Makes total sense to me the drilling at Mt Lindsay rather than production right now as we need to preserve the cash for about 3 months or so.
I think VMS are drilling for more TIN as EV is the future. VMS...
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