Velocity Minerals - Tight Share Structure
VeloCity Minerals – VLC: TSXV - .15cents
-Share Structure: 30million o/s , less then 10million (est) on open float. Management holds majority interest
-Financials Strong, cash in the bank with NO debt
-Neighbouring properties to PEM-TSXV which has made positive announcements “Premium Exploration Inc. (TSX VENTURE:PEM) has announced drill results from drill holes PFR2010_23 & 24. Both drill holes are located in the Main Zone and have advanced the Upper and Lower Blocks. Premium continues to encounter gold mineralization in 100% of drilling in the 10,000 meter Phase-Three program at the Friday-Petsite Gold Project in Central Idaho, USA.
-Velocity Minerals Ltd is focus on development of advanced/high grade moly properties. Three properties are in currently in focus Mount Haskin, Cassiar Moly, Orogrande all in North America. Moly an irreplaceable mineral used primarily in strengthening steel, prices are begin to rise and are trading above $17/LB USD, almost half of its 2007 highs