Dear North Shore Mining Group Followers:
Below is a link to an article published a few days ago on the Pinnacledigest.com website sent along to us by one of our brokers here in Vancouver. It is a very interesting, detailed piece on the Venture exchange this past year, and historically.
I think it is well worth the read for all investors in the Junior exploration company space.
Several statements in the article stood out to us which are in quotes below.
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The TSX Venture is Trading at the Same Level it Did Nearly 9 Years Ago In October of 2003, the TSX Venture Exchange traded at the same level it does today.
What's important to note about October 2003 is that gold traded for roughly $380 an ounce - it trades 425% higher today. In October of 2003, silver traded for about $5 an ounce - it trades 600% higher today. In October of 2003, a barrel of oil traded for $30 - it trades 320% higher today. In October 2003, Comex copper traded for $0.92 - it currently trades 415% higher.”
“Fear has taken over the TSX Venture and the last time that happened, the greatest buying opportunity of our lifetime knocked on the door.”
If you too have been scratching your head wondering how the TSX Venture exchange could be at 9 year lows at a time when metal prices are still near their highs and mining companies are reporting record profits this article is likely of interest might interest you.
http://www.pinnacledigest.com/blog/aaron-hoddinott/tsx-venture-exchangebuy-or-sell
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VMS Ventures Inc.
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EXPLORATEUR |
CODE : VMS.V |
ISIN : CA91828R1091 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
VMS Ventures est une société d’exploration minière de zinc et d'or basée au Canada. VMS Ventures détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont REED LAKE, LYNN LAKE GABBROS, PUELLA BAY et COVER au Canada. VMS Ventures est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 19,0 millions CA$ (13,9 millions US$, 13,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,76 CA$, et son plus bas niveau récent le 22 janvier 2016 à 0,05 CA$. VMS Ventures possède 146 480 000 actions en circulation. |