GREY:VMSTF - Post by User
Comment by
freeedom45on Dec 23, 2007 2:44pm
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Post# 14118266
RE: "Hudson Bay has 70% & "VMS has 30%""
RE: "Hudson Bay has 70% & "VMS has 30%""1. Ignore the bashers.
2. VMS hit "Discovery" hole... to my knowledge, one of the best ever in the area.
3. Is it a deposit... definitely.
4. How big??? nobody knows.... yet.
5. How do you find out how big it is.... you drill more holes.
What has VMS done since getting "lucky" and hitting "discovery hole"
1. They secured drill for the area and started drilling more holes.
2. Drilling costs $$$$$$, so... they do pp @ $1.50 raising $19,500,000.
3. They have second drill mobilized to site to speed things up.
4. They have a third drill arriving in the New Year!
Now, imo, it looks as though management is more than on top of things and all who are long on VMS are quite pleased with management to date.
There are a lot of speculative plays out there, and a lot of cash flying around and people looking for a quick buck. IMO if you don't have a position in VMS already, now would be a good time to buy as things are set to fly and quite honestly, a lot of the speculation has been taken out of this as they have 43 meters of 4.38% discovery hole.
GLTA
Merry X-mas & Happy New Year