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Volcanic Gold Mines Inc T.VG


Primary Symbol: V.VG Alternate Symbol(s):  VLMZF

Volcanic Gold Mines Inc. is a Canada-based company, which is engaged in the acquisition and exploration of mineral properties, focused on building multi-million-ounce gold and silver resources in under-explored countries. The Company has a 60% interest in two highly prospective gold-silver projects in Guatemala: Holly deposit and Motagua Norte project. The Holly deposit is an advanced-stage, high-grade gold-silver deposit with demonstrated underground mine potential. The Holly property straddles the regional Jocotan Fault which forms part of the 400 kilometers (km) long by up to 80 km wide deformation zone that separates the North American and Caribbean plates. The Motagua Norte project has a bonanza-grade gold-silver quartz vein system. The Motagua Norte project covers an area of over 86 square kilometers (km2) land position. The Cirilo 1 exploration license covers an area of over 13.5 km2 and includes the Mila gold anomaly. The 72.68 km2 is under application for exploration licenses.


TSXV:VG - Post by User

Bullboard Posts
Comment by davey2018on Nov 03, 2004 9:18pm
205 Views
Post# 8130084

RE: Management

RE: ManagementProperties may look good, but you might want to take a closer look a the financing side of things. look at spending commitments on optioned properties. Also, burn rate since the 1.5 mil funding was delt..How much cash is left. Rumour has it, only about 500,000 is left. This suggest they will need to raise cash @ some point soon.. At the current price,.............One does not need to be all that verse to see what that means.. Dilution...Potential CONSOLIDATION.. (steal from those who supported this co. and now ..to BAD. If it was me, I would issue a number of options and find someone who has some basic since and strong connections and pay out based on performance.. Get the PRICE UP.. This looks more and more like those stocks that don't move up when the markets moving up, but will easily move down in a selling market.. So, please, before you suggest patients, take a more detailed look and think again...
Bullboard Posts