Volcanic Gold Mines Inc T.VG

Primary Symbol: V.VG Alternate Symbol(s): VLMZF

Metals & Mining Gold

Volcanic Gold Mines Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties, focused on building multi-million-ounce gold and silver resources in under-explored countries. The Company has a 60% interest in two highly prospective gold-silver projects in Guatemala: Holly deposit and Motagua Norte project. The Holly deposit is an advanced-stage, high-grade gold-silver deposit with demonstrated underground mine potential. The Holly property straddles the regional Jocotan Fault which forms part of the 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Motagua Norte project has a bonanza-grade gold-silver quartz vein system. The Motagua Norte project covers an area of over 86 square kilometers (km2) land position. The Cirilo 1 exploration license covers an area of over 13.5 km2 and includes the Mila gold anomaly. The 72.68 km2 is under application for exploration licenses.

TSXV:VG - Post by User

Volcanic Gold Mines Inc

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Comment by stockabcdeon Sep 23, 2010 5:05am

447 Views

Post# 17482433

RE: RE: RE: RE: RE: RE: RE: I'd wait to buy.

Well this is all assumption.....35-40 cents if Gold drop....well let say gold hit 1300 and drop 5% to 1235 and all gold stocks reacted by dropping 2x say 10% but for your target of 35 cents...VG need to drop 25% from yesterday's closing price. Dunno, but you are expecting .48 is the high.

Now what if and I repeat IF VG released some good news within the next few days and hit a new 52 week high before Gold drop that 10%?

IMO, if Raymond James gapped VG up and bought all the ask at .45 yesterday, don't think they are just looking at a few pennies profit.

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