Copper-zinc exploration in the Flin Flon-Snow Lake VMS Belt

Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres

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Message: Casey's view on latest results...

Casey's view on latest results...

posted on Apr 24, 2008 10:19AM

4-23-2008 VMS Ventures ( VMS.V ) (C$0.55, 107.3M SO, 128.5M FD, C$59M MCap, www.vmsventures.com)

Comments: Why did the shares drop when 35.8 meters of 2.7% copper (including 10.4 meters of 3.5% copper) is a good hole? Perhaps because early shareholders who bought on the 43 meters of 4.4% copper discovery hole (including 10.5 meters of 11.2% Cu) are disappointed with anything less than that. Whatever the reason, Sherwood Copper over in the Yukon is making money on ore at grades like this. so we don't share that disappointment. The company is making steady progress and has the cash to test their theories on where to find more mineralization. There is still plenty of risk (mostly from the deposit not having grown very large yet), but these are good grades and VMS is on sale.

No kidding, its like foing to the dollar discount store these days with this company. Everyone needs to just hang tight and wait till they prove up a little more of the resource. GL to all longs!

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