Velocity Minerals Ltd V.VLC

Alternate Symbol(s): VLCJF

Metals & Mining Gold

Velocity Minerals Ltd. (Velocity) is a Canada-based precious metals and copper explorer focused on Eastern Europe. The Company is in the business of acquiring, exploring, and evaluating mineral resource properties in Bulgaria. In Bulgaria, the Company has a 70% interest in the Tintyava property, which includes the prefeasibility-stage Rozino deposit. The Company also has a 70% interest in the Momchil property (which includes the Obichnik project), a 70% interest in the Nadezhda property (which includes the Makedontsi project), and a 70% interest in the Dangovo property (which is contiguous with the Makedontsi project). The Company holds a 100% interest in the Iglika copper-gold exploration property and entered into an option agreement with DPM, who have an option to earn a 75% interest in the property. The Company has also entered into agreements to acquire a 75% interest in the Zlatusha and Kalabak copper-gold exploration properties.

TSXV:VLC - Post by User

Velocity Minerals Ltd

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Post by JenoB65on Sep 04, 2020 12:08pm

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Post# 31510594

Dead in the water

Obviously market is not impressed with PFS. After a year of drilling they are no farther ahead than before they started. Resource estimate stayed about the same.
As much as I have confidence in Steven Dean & his team, I think they made a mistake investing in this company.

Progress seems very slow & gains are dismal at best.

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A junior copper-gold stock trading at a bargain of monumental proportions