Vulcan InfoOne may not like Sprott but he is a very smart billionaire investor who buys many different junior mining stocks. His strategy is to spread out the risk by having a multiude of penny stocks as well the big boys.
I have 4 different Newfie mining stocks including VUL to spread out the risk as well. Well not like my favourite stock SIC, VUL is now a technical buy on the charts and is in a rising pattern. Once it gets some more volume in this uptrend it will do pretty good. It has several different land packages which is positive as if only one hits some good drill holes it will do well.
I hold several juniors in other parts of Canada and Mexico and always like to see Sprott and other institutional investors as well as insiders with big positions in these juniors. Much safer than listening to the hype and buying one trick ponies and possibly moose pasture!
I just see that VUL is up 2 1/2 cents or 10% as of 10.35 AM
As always do your own research and diversify.