GREY:VMSTF - Post by User
Comment by
willexon Sep 26, 2007 2:11pm
537 Views
Post# 13472954
Nice call last Sunday
Nice call last SundayMiddelkoop Discovery Alert VMS Ventures (VMS.V)
Shares o.s. 72 mln
Market cap C$28 mln
“ Significant discovery of volcanogenic massive sulphide ”
Hello all,
People always ask me what the new Aurelian could be.
Well, as things as are developing now, Noront looks like the new Aurelian. So now people are starting to ask me what will be the new Noront.
Since no two companies or discoveries are the same, that’s hard to tell.
But given the recent news, rumours and trading, I might have another great play, which at least starts in a similar way to Noront.
After the publication of their September 17th their “what appears to be a significant discovery” at their Reed Lake property of “volcanogenic massive sulphide (VMS) mineralization approximately 15 km west of the former Spruce Point Mine”, we witnessed some spectacular trading and bought a whole bunch of shares ourselves.
Hole 1 intersected veinlets and disseminations of pyrrhotite, chalcopyrite and pyrite over a core interval of 37.5 metres between 132.0 and 169.50 metres.
Last Friday, the company released some photos of the spectacular core samples. Management would presumably not have published the pictures if they didn't have a good idea of what they have found.
The next news release will be an important confirmation of this discovery. Hopefully, the assay results will confirm its significance. If these turn out to be good, more gains will be made quick and easy given the market cap of under C$30 Million. We will, however, have to wait at least a few more days for these results.
We expect a strong opening for VMS shares on Monday’s trading. With a market cap of under C$30 million this stock could fly soon.
Willem Middelkoop
www.discovery-investing.com