GREY:VMSTF - Post by User
Post by
BILLMINERon Sep 26, 2007 10:44am
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Post# 13470800
vms
vmsAll is quiet here. SP very stable prior to news. I dont think the current sp reflects the the expected results from Hole # 2. Current market cap is approx 33 million. Very low in my opinion. I expect to see a market cap in the 70-100 million range upon results,providing they are in range of current deposits in the belt. The chisel avg 4% Cu with low zinc if IM not mistaken. Alteration in all 6 holes over a 1.5 km ish strike length. Massive sulphide (Cu-Zn) mineralization in 2 holes over a 185 m strike length.. With the stringer alteration on top of the hole in # 1 and # 2, this showing may be overturned completely.. All VMS deposits have this stringer (feeder)zones below the deposit (some have it also in the hanging wall (on top). Nice to see some 2.5 % Cu in this stringer zone from hole # 1.Gives you a hint that the main sulphide body will have juice.