HBM news release this week:
Notable results were also intersected in drill hole DUB252W01, which are believed to correlate with the new Copper-Gold zone and which assayed 12.54 g/t Au, 26.67 g/t Ag, 3.69% Cu, and 0.18% Zn over 9.12 meters from 1140.00 to 1149.12 meters and 8.08 g/t Au, 15.33 g/t Ag, 1.60 % Cu, and 0.12% Zn over 13.39 meters from 1176.00 to 1189.39 meters.
And HBM market goes up 600 million $
compare this to VMS:
DRILL HOLE RD-08-73 INTERSECTS 11.70 METRES OF 6.12% COPPER, AT REED LAKE DISCOVERY ZONE, SNOW LAKE MANITOBA
DRILL HOLE RD-08-71 INTERSECTS 39.71 METRES OF 4.04% COPPER, AT REED LAKE DISCOVERY ZONE, SNOW LAKE MANITOBA
DRILL HOLE RD-08-64 INTERSECTS 14.47 METRES OF 3.27% COPPER, AT REED LAKE DISCOVERY ZONE, SNOW LAKE MANITOBA
DRILL HOLE RD-08-61 INTERSECTS 100.19 METRES OF 3.59% COPPER, INCLUDING 9.71 METRES OF 17.79% COPPER AT REED LAKE DISCOVERY ZONE, SNOW LAKE MANITOBA
etc, etc, etc
and VMS marke cap is 39 million $
Our results are anywhere from 2 to 10x better than HBM for copper results and our stock trades at only 5% the increase in the market cap of HBM (39mill vs 600mill)!!!
Can anyone give me a rational explanation for this?
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