GREY:VMSTF - Post by User
Post by
axegirl1on Nov 07, 2013 1:25pm
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Post# 21885577
RE: RE: Vms Ventures Oct. 2007
RE: RE: Vms Ventures Oct. 2007Well, Sawtooth, Before attending the "NAN" party, i would first have to erase the world financial crisis that has cast a dark shadow over most investors who are still hiding under the bed with huge losses , caught up in the catastrophe. I would bring back the gold standard. I would erase the trillions of dollars in dept the U.S. has accumulated (how do you get out of that?) The U.S. government has almost defaulted and has only kicked the can a little further down the road. I would restore the confidence in investors and bring back the multitudes of money sitting on the sidelines back into the stock market -so goods stocks like Vms and Nan could become profiatable investments again. (just a start of what needs to be done) Who would like to have a walk down memory lane and remember with fondess - when we partied like it was Oct. 2007?? So much has changed. Now..what to wear to the Nan party??? I might be little late......
The Reed Copper deposit was discovered by VMS Ventures in 2007. In October of that year the company announced an intercept of 43 meters assaying 4.38 per cent copper (@ $3.19 lb Cu that’s $308.03 rock just in the Cu) and within it a higher grade section of 10.50 meters in length assaying 11.19 per cent copper per tonne – $786.96 per tonne. This news attracted worldwide attention because of its impressive copper grade (more than twice the average for even this rich belt), resulting in VMS’s share price increasing by over 1000 per cent. Over two years, VMS Ventures traded two billion shares and reached a peak of $1.70 per share. VMS Ventures also raised $20 million, led by Toronto-based Griffiths McBurney and Partners, which helped finance the drilling of the deposit and has resulted in VMS only conducting two financings since 2007. Having a financing lead by GMP and making a discovery in such as historic belt certainly enhanced VMS Ventures’ reputation as an explorer and as a venture investment. (this paragraph is compliments from an article posted by Nopoo and ahead of the herd.