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Gold/Mining/Energy : The Metals Thread -- Ignore unavailable to you. Want to Upgrade?

To: haitokin who wrote (97)	3/26/2007 3:46:34 PM
From: seventh_son	Read Replies (2) \| Respond to of 252

Hi haitokin, I'm doing a bit of research into VMS and trying to determine the significance of the REE occurences. The website does not provide very encouraging information regarding their Eden Lake drill program -- it says "no economic grades of mineralization were intersected", and the company seems uninterested in funding major work any futher themselves. That does not square with $21,000/tonne gross metal value average in 30 veins, given that $21,000 a tonne in a deposit of any significant size would seem highly economic, even as veins of any significant width. Could you reconcile the difference? I guess one needs to know, and I don't know if you could answer, but: 1) Is Eden Lake accessible to infrastructure? 2) Are there smelters available in North America that could process the particular REE minerals if they were mined? 3) What are the dimensions of these veins, in terms of observed width, etc, and do we know anything about their orientation? Your post got me interested initially, but now I have to wonder if VMS is anything more than a pure grassroots exploration play, commensurate with the lower market cap that it has.

To: haitokin who wrote (97)	3/28/2007 2:11:43 AM
From: Taikun	Respond to of 252

"I made some good cash off REM last year when they went from .12 to .27" Perhaps VMS does have signs of remembering... stockcharts.com On the chart I see that high in April 06 and the W formation in June to Dec 06. The key to whether those 20 cent warrants will be in the money in 18 months, when they expire would seem to be the pace at which VMS is churning higher, with that spike to 21 cent in Jan 07. BTW, Doug Casey and his boyz bought up most of REM spinoff HVG's private placement the other week ($300,000...c'mon!!), and last I heard was when they chomped through HVG they started on the VMS placement. I guess they know zinc is an ingredient in throat lozenges. Happy chomping indeed!