In the long run it looks to be a good deposit, but...

- fd 133 m shares out, meaning right now 0.10$ cash / share. A lot of explorers trade at cash levels or slightly above, so is this really so undervalued?

- no drilling at Reed Lake! They should be drilling: no assays, no gain....

- no news on cooperation with Hudbay. Seems unlikely they will reach an understanding soon because of management change at Hudbay

- copper price rising strongly (from 1.40 to almost 2 = +42%) and VMS is showing NO reaction at all, which is disturbing...

I think it is a good stock to buy, but not in the short term. The interview with Rick Mark contained no news at all and does not offer any new insight which would justify an upswing of VMS' share price. If they want to improve shareholder value they should drill or announce terms of cooperation with Hudbay.