VMS VENTURES INC. VMSTF

The real value of VMS

[norim109]

VMS has a market cap of about $50 million. It is very low when we take into consideration : 

- Reed Lake will be a mine in less than 2 years
- Capital costs will be low and VMS share will likely be funded by HBM
- Resources are likely to be over 5 million tonnes@ 3-4% copper
- Production costs, including credits for co-products, will likely be under
.50 per pound
- the 30% VMS share in the deposit @ 1000 tonnes per day over 250 days per year will result in net profits of $1,50 per share at copper prices of $2.50 per pound
- in 18 months from now VMS stock price will likely be over $5.00
- VMS story is not well known
- That will change early next year when HBM will release the 43-101 report.

Recent comments made by HBM has reduced substantially the risk of investing at these low prices into VMS