Re: HBM... and increasing resources
in response to
by
posted on
Jul 14, 2010 04:11PM
Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres
The fastest way to increase the resource is to aquire 43 101 compliant resources from another undervalued company.
The proposal I forwarded to VMS IR was to aquire HLO for 2 cents and 10 HLO for 1 VMS.... This reains significant cash.... increases to VMS the commitments buy HBM to drill additional resources and puts more HBM JV'd projects under one company. This would be a stratigic move for VMS.... Thus VMS would achieve critical mass and be a target for HBM to aquire the whole..... or it would open an oportunity for another to aquire a significant portion of future production of HBM.....
Just so happens that just such a deal might intrest a company such as CAA..... Aquiring VMS could be a stratigic move for CAA could force HBM into aquiring CAA... The market is making such deals priced right..... The end game is what is important.... Becoming a producer is too long term for most venture investors.
Speculation would run rampent if this plan was put in motion.... HBM has the cash to make the end game valuation to these jr's, but they wont make a move on any of them as long as they are disorganized. Consolidation would be the motivator for investors to get into VMS and the other jr base metal plays in Manitoba..... or we can wait till the market for base metals recovers and dilution to the jr's reduces the end game opportunity for the long term holders.
I'll buy more when I see a plan to consolidate these plays... The market just dosen't give a rats ask about drilling activity at this time.....JMHO