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: Re: $4 buyout rumor.. HBM's options
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Jun 05, 2008 03:43PM
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Jun 06, 2008 04:57AM

I just can't see HBM making a buyout offer. Fact is they have the option to earn a 60% position for peanuts. This would only leave them with 40% left to buy out if they chose to do so. It would not matter who was in management the smart and low cost option of the right to earn 60% just by throwing in some drilling dollars is already on the table.

I would love to here that HBM is taking on the 60% as it would just go to validate VMS's potential and that alone should keep the SP strong.

Otherwise I'm thinking some good visuals or drill results. If this is true it is amazing how leaky the Stock market it.

Good luck everyone

DL

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