VMS Ventures Inc.

Recent drill results include 6.69% copper over 71.69 metres and 3.74% copper over 21.77 metres from in-fill diamond drill holes at the Reed Lake Joint Venture (Hudbay HBM:TSX) Property. The company has a dominant land position in the prolific Flin Flon-Snow Lake VMS mining belt. VMS Ventures is well financed with over $11.9 million in cash equivalents.

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Re: Flow-Through Financing?

VMS Ventures Inc.

almost 15 years ago

in response to Kivas's message

Yes, I understand that, and yes they have money in the bank, but from a financial standpoint, if you are going to have exploration expenses and not able to use them to pay down corporate taxes, it would make sense to offer them in a flow through

What I don't know is if a company can carry them forward to offer after the fiscal year end. I assume that they can be carried forward for a period of time, but you need to consider the fact that there seems to be a lot of money in the market for financing and that could all disappear if the market sentiment turns sour.

Would you really care to wait that long?

I am not the tall forehead at this company, but it has to be considered.

As for the price to set it at, yes a drill result or 2 would move the SP up, but we have also witnessed what happens when those drill results disappoint. A roll of the dice to be sure.