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FORRESTER METALS INC V.VEM

"Forrester Metals Inc is engaged in mineral exploration and evaluation in Peru."


TSXV:VEM - Post by User

Bullboard Posts
Post by glorieuxon Nov 03, 2010 8:01pm
349 Views
Post# 17654061

We are sitting on the 52 week high

We are sitting on the 52 week highand had an iceberg bid at 38.5 by Latimer and a 20k share bid by Anonymous, a nice set up to break the 52 week high tomorrow and then into unchartered territory.  This is a new play for me and after looking at HAT and Denison for the last little while, I have been spoiled by high grades.  This low grade will take me a while to get used to and if anyone can give me something to read on the economics of this low grade uranium, I would appreciate it.  I find some comfort in Cameco owning 25% of this project.  This adds some legitimacy to it.  I also like the fact that the CEO owns almost 4M shares.  Got to do more reading but I like the Uranium sector and this company looks legitimate.
Glorieux
Bullboard Posts