Speculation of what’s next with Hudbay Minerals TSX:HBM continue to circle around.
When SRM Global Master fund successfully removed Hudbay’s board, Resourcebubble.com new something was up. Former Hudbay President Peter Jones is back in the pilot seat and we believe this is good for VMS Ventures TSX.V:VMS

Peter Jones is looking forward to taking the base-metals producer to the next level. Last week the Globe and Mail said Hudbay was ready to buy not sell. VMS Ventures base metals deposit couldn’t be more strategically suitable for Hudbay. In addition, the project is in home territory, and still holds tremendous upside potential.

Resourcebubble.com said management at VMS know what they are doing, and despite many whom would have bailed base metals, VMS continues to develop the project and focus on the future of Manitoba.

Hudbay Minerals still have a few obstacles to deal with, as the company moves forward with its rebuilding aspirations, Mr. Jones need to take a serious look at VMS and realize that by waiting to long the price will almost surely double. The company has like many experienced a pullback in the stock price, but unlike many, VMS has the goods and should be taken very seriously.

The International Speculator changed its rating from “hold” to “sell” on VMS on April 1st 2009. Resourcebubble.com believes that VMS is the type of company that investors should look at the buffet philosophy whereby investing in the company, and not the stock price will bring you your yield. The junior exploration market is experiencing tough times right now, and the playing field will continue to change substantially. When the dust settles, and base metal prices recover, VMS will be on top, although we believe that someone will come along sooner, as the smart money buys in a down market, and sells in on the upside.

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