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Velocity Minerals Ltd V.VLC

Alternate Symbol(s):  VLCJF

Velocity Minerals Ltd. (Velocity) is a Canada-based precious metals and copper explorer focused on Eastern Europe. The Company is in the business of acquiring, exploring, and evaluating mineral resource properties in Bulgaria. In Bulgaria, the Company has a 70% interest in the Tintyava property, which includes the prefeasibility-stage Rozino deposit. The Company also has a 70% interest in the Momchil property (which includes the Obichnik project), a 70% interest in the Nadezhda property (which includes the Makedontsi project), and a 70% interest in the Dangovo property (which is contiguous with the Makedontsi project). The Company holds a 100% interest in the Iglika copper-gold exploration property. The Company has also entered into agreements to acquire a 75% interest in the Zlatusha copper-gold exploration property. The Rozino project is situated within the in southeast Bulgaria's Ivaylovgrad municipality.


TSXV:VLC - Post by User

Comment by Risktaker1on Jan 18, 2022 3:49pm
125 Views
Post# 34330142

RE:$0.05 Coming

RE:$0.05 Coming

Hopefully they find more gold, but it's not looking good. Unfortunately, not much reported based on all the drilling that was supposed to happen. Don't think they did as much as they were hoping?

I wish management was a little more transparent. Investors are tired of hearing the same thing over & over. 

Unfortunately Dundee has not invested any more. That tells a lot. This is a very small deposit. One big resource is better than 10 little ones, but lots of work to develop so many little projects. I think there is money to be made but only at 5 or 10 cents. 

Wasn't too happy to hear that Stewart Mills left. That's never a good sign when your VP of explorations retires at the beginning of a project . 

This is definitely a long term gamble at best. Not surprised institutional investment is staying away. 

 

 

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