MR. SPECHEADS UP FOR VGM YOU MAY BE INTERESTED.
VGM.V
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VGM.V - A Very Undervalued Moly Explorer In Mexico
Moly price rises up $5 to $30.5 this week, which is the biggest jump in the last couple of months. All moply stocks, like TTQ, CBS, TJS, AUA, BLE, OTL, etc go up siginificantly. Here is a very undervalued stock, a big moly deposit owner and an emerging moly producer in Mexico, is trading only at 28 cents. The way undervalues JMHO~~
Highlights:
• Two complementary MOLYBDENUMAND and COPPER projects in Northern Mexico
• Near term production at Los Verdes
• Geometry, grade and infrastructure indicate potential low capital and operating costs
• Longer term high tonnage potential at Cuatro Hermanos
• Market cap does not recognize gross metal values or potential project economics
• Recommended and featured on Resource World Magazine, Canadian Business News Magazine, World Mining Stock, Investor's Digest, and Resource Investors web site.
• Insider bought 200000 shares recently
Share structure
• Shares-issued & outstanding -58,346,540
• Fully Diluted -74,448,677
• Average Daily Volume -250,000
• Current Cash-$3,800,000
• Potential funds from dilution-$7,500,000
Flagship property -- Los Verdes
The Los Verdes property is a historic molybdenum producer and was extensively drilled in the 1970s. Repetition and expansion of that drilling by Virgin in 2006 has resulted in a 43-101 compliant resource estimate of 28.5 million pounds of contained molybdenum and 105 million pounds of contained copper. Favorable geometry indicates potentially low cost mining.
Measured Resources
4,641,000 tonnes 0.129% MO 0.49% Cu 0.088%, Tungston 13,158,000 lb Mo ,50,575,000 lb Cu
Indicated Resources
5,861,000 tonnes 0.120% MO 0.43% Cu 0.083%, Tungston 15,480,000 lb Mo, 54,917,000 lb Cu
Total Measured & Indicated
10,502,000 tonnes 0.124 % MO 0.46% Cu 0.085%, Tungston 28,638,000 lb Mo, 105,492,000 lb Cu
Inferred Resources
1,089,500 tonnes 0.120 % MO 0.16% Cu 0.024%, Tungston 2,880,000 lb Mo, 3,898,000 lb Cu