Not sure that the upgrade will move VMS to first place but certainly to be labeled as the holder of third largest undeveloped Tin resource will be a huge boost to VMS's profile. And that is a realistic outcome if the next upgrade comes in as expected.
I was pleasantly surprised by the market reaction today, the dip was much less than I expected and it and recovered well on nice volume. Clearly the market has confidence in the future of VMS that transcends any concerns over the level at which the cap raising was done.
Looks to be in a very strong position currently. A solid resource, cash in the bank and most importantly access to all the infrastructure needed to make this thing work. It's hard to find another mining explorer on the asx in a better position.
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Not sure that the upgrade will move VMS to first place but...
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