VMS VENTURES (V.VMS, C$0.76, 107.3M SO, 128.5M FD, C$81.5MMCap, www.vmsventures.com) VMS is a primary base metals play that recently hit more of the high-grade mineralization that put it on the map last fall. That doesn’t make them a sure thing, as they are still defining what is hoped to be the first of several high-grade lenses that will add up to a significant new mine. To really break out, they will need to show that they do indeed have several lenses – and they are working on that now. It’s highly speculative, but the discovery potential has a short fuse.
Can someone with a little more geo knowledge explain this "multiple lenses" idea?
Would the main discovery hole and surrounding area be considered one lense? And if they hit high grade in the tower zone that would be another lense of the deposit? etc...
Bamako, any thoughts on this idea of needing to prove up multiple lenses? Isn't one big motherlode deposit good enough? ;)