Int'l Speculator says buy VMS
in response to
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posted on
Oct 21, 2008 08:13PM
Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres
Int'l Speculator says buy VMS Ventures and win
VMS Ventures Inc (C:VMS)
Shares Issued 107,907,745
Last Close 10/20/2008 $0.33
Tuesday October 21 2008 - In the News
The International Speculator in its Oct. 3, 2008, issue, says buy VMS Ventures Inc. at 43 cents, officially "Buy under C$0.40." The newsletter said buy in its March 3, 2008, issue, at 86 cents. An investment of $1,000 is worth just under half the outlay, $495. The Speculator's writer says he has had VMS on hold for some time because the Reed Lake discovery was followed by results that called into question the economics of a mine. The discovery zone returned some puzzling results, and early regional exploration (at theTower zone) failed to find any more VMS lenses in the area. With continued exploration, the discovery zone has resolved itself into two distinct lenses that may have enough tonnage to make for a mine. He says that since then there have been more high-grade results, most recently including 62 metres of 6 per cent copper. The market yawned at that news. Too bad for them, he says. "More for us." Elsewhere in the Speculator, managing editor Louis James has advice about how to survive the recent financial storm. He urges subscribers to buy gold and gold juniors (especially Casey Research buys). Mr. James says the Casey team saw the current crisis coming. "And those who listened then have profited."
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