Considering recent VMS trading volume and this thread, it's apparent market activity is not generated by internet punters. That's good.

As for a 43-101, what's the point at this time. For example, Hudbay have 5 drills outlining Lalor zinc/gold deposit. They've been at it for a long time. No 43-101 on that deposit as it has kept expanding. Now they have the new copper/gold deposit at Lalor. No idea when they'll do a 43-101 on that but it will be a long while.

What is known from work to date is the Lalor deposit deposit is a very big one. Numbers are being mentioned by those close to the scene but the full extent is unknown because it hasn't been drilled.

As for VMS Ventures, they have no such deposit. What they do have is some extremely good anomalies discovered using the same techniques that discovered both Lalor deposits.... and many others in the area. That's what has been gradually driving up VMS share price for past few months.

As mentioned in company NRs, they are now drilling. After each hole, they will be doing borehole geophysics. They could hit big with just the drill or only get a sniff of something to which borehole geophysics can direct them.

Bottom line, VMS is a drill hole bet. However, with the amount of info they have amassed, the nature of the area, and the quality of their conductors, it rates as one of the best drill hole bets discovered in the area.

What they are doing requires time. Forget the 43-101 stuff. This is raw exploration at it's finest. Treat it accordingly, have fun, and hopefully make some money. Many people already have.

Bob