RE: VMS Valuation On forward earnings potential of REED, VMS should be valued @ .65 cents min. right now.....without any of there other properties factored in.
That is using low numbers from HBM's PEA in Dec. and latest NR.
HBM is also HUGELY undervalued as are alot of others in same sector. They are sitting on almost 900 million in cash with almost ZERO debt...and yet trade at 50% below their NAV.
I really don't see ANYTHING positive for next 2-3 months.(unless we get some major drilling news)
One catalyst that may help is QE3....which may come later this year if Fuel prices push the USA back torwards recession, in an election year the Pres can ill afford an economic meltdown so I am hoping that Bernanke starts up the printing press and that will cause P.Ms and Base metals to rise.
Before this happens there maybe another correction....which may make it prudent to dump VMS if it hits .40 cent level again (I hope) this Spring and wait for Summer doldrums and market correction, which will likely be very similar to last Summer.
I could see VMS re-testing the .20-.25 cent level by late Summer(August/Sept).