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Message: VEN stuff....

VEN stuff....

posted on Jul 13, 2009 07:06PM

all my opinion, do your own DD, not intended as investment advice.

not much too report, but here you go from the company...

expect assay any day now.

finished 118 holes ...111 reported to date so 7 holes are coming ...so maybe 3 or 4 due now?

they figure they can drill 4000m a month now with 6 drills turning .... so about 6 or 7 holes a month ... = increased news flow!

burn rate of around $1million per month right now ....so at this rate we can go about a year and a half without any fear of dilution.

5 drills working La Mascota, 1 scouting La Mercedes

company feels that the stock is off its highs as it works through the over hang of a couple of PP's.

company thinks analysts like Daniel Earle at TD are on the right track and they are comfortable with his assertions.

...like I said the other day, the waiting is the hardest part, but is there anything out there they comes in remotely close to the short-term potential here? I'm still calling for a buy out a lot sooner than anyone thinks.

Regards,
Buck

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