for the better part of 3 quarters VMS has traded in the .25 to .29 range. Some times it has crossed over .30 (twice?) and gone below .25, like now.

In the absence of any real drill results, i can't see enough excitement being generated to cause the price to go beyond that range.

As someone pointed out just recently, VMS was getting amazing drill results in the western portion of Reed Lake, and those are still there, they are not going to be going away.

But and this is a big but, China is stockpiling resources, including copper, and they are not consuming them at a pace that says that they will be in the market to buy at these same levels for all that much longer.

IMO the only thing supporting the price of copper is the weakness in the US$.

It is possible that we could see lows retested all the way back to last October and it is starting to look like it will be in the 4th qurater again.

If you are long on this one it doesn't matter, time is on your side. If you are not, then I think you had better consider yourself as a long for you are going to be in it for awhile.

I believe in this company and its land packages, so this doesn't bother me.