GREY:VMSTF - Post by User
Comment by
U3082014on Dec 01, 2011 11:24am
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Post# 19283083
RE: Bunch of henpecked pussies
RE: Bunch of henpecked pussiesSorry tamer...
Wrong again...
$1 would be ideal.....will we get there....maybe....depends on how the NR goes.
IF they add some tonnes and PEA % look good will be $1 for sure.
Remember.
We still get to drill the Super Zone. Which could be as good or better than the original Discovery Zone.
Trout Lake ore body was a bunch of fingers of ore that connected to a LARGER orebody deeper down....and it was spread out over 2kms....just like the distance between Super and Discovery zone.
With Reed Lake alone VMS will be looking at at LEAST 25 Million/year profit for their 30%. Even at 5x earnings multiple that is $1/share valuation.
No debt.....and no further dillution....cash in the bank.....large land package....experienced management team that knows the area.
Be patient....