By JVP do you mean Join Venture Production? i.e., VMS would receive a % of all future profits and not have to incur any exploration or production costs?

Based on the accuracy of Neville's phone conversation and the NR that came as predicted today, it looks like we will get a pretty significant NR at the end of September - since that would be the end of the 2 week deadline stated by the VMS representative. This NR may finally be the first one that has HBM somewhere in the headline OR will tell the market that Drills have been ordered and work will commence in the short-term. If I am HBM, I am trying to close this deal before the drills start turning to get some sort of a discount. However, just how much of a discount is VMS Management prepared to give - I'm sure this is what is being discussed/negotiated now.

As for the SP, I am hoping it continues to fall back under 30 c in the meantime, so I can accumulate some more prior to the end of Sep.

GL to all longs