Int'l Speculator says hold Virginia Mines

Virginia Mines Inc (C:VGQ)
Shares Issued 32,360,847
Last Close 11/22/2012 $10.00
Thursday November 22 2012 - In the News

The International Speculator, in its Nov. 5, 2012, issue, says hold Quebec-focused Virginia Mines Inc. ($10.17). The newsletter said buy the Andre Gaumond play eight times between Feb. 1, 2007, and May 7, 2012, at prices ranging from $3.89 to $8.94. Assuming an investment of $1,000 for each buy, the $8,000 investment is worth $13,618. Tres bon. The Speculator's writer goes over the press releases and notes Virginia sampled 4.6 metres of 23.2 grams per tonne gold at the Wabamisk project in the Opinaca reservoir region of James Bay. He also notes the company "cashed up" by selling 142,857 flow-through shares at $17.50 each for $2.5-million. Despite the good news, the writer counsels caution, saying do not buy while the stock is this high. Virgina, with its Eleonore cash flow, is one of the writer's core holdings. Virginia's other projects include Lac Pau, Poste Lemoyne extension, Coulon, Eleonore regional, Ashuanipi and Corvet Est. Fellow newsletter writer Lawrence Roulston said buy four times between July, 2006, and September, 2008, at prices ranging from $3.95 to $7.10, in his Resource Opportunities.

© 2012 Canjex Publishing Ltd.