Viscount Mining Corp (VLMGF)

[DoYourDDLikeMe]

2015-08-26 16:47 ET - In the News
Taylor says buy Viscount Mining


Jay Taylor, in the Aug. 12, 2015, edition of Gold, Energy & Tech Stocks, says buy Viscount Mining Corp., recently 20 cents. Mr. Taylor first said buy on Feb. 13, 2015, at 28 cents. Assuming a $1,000 investment for that buy, the position is now worth $714. Viscount is the latest addition to Mr. Taylor's list of prospect generators.

As of Feb. 28, it had 33.44 million shares outstanding and $2-million in working capital. The company currently holds only two projects, Cherry Creek in Nevada and Silver Cliff in Colorado. The first is optioned to Sumitomo Corp., which can earn a 75-per-cent interest by completing a feasibility study and spending a minimum of $10-million on exploration. Sumitomo has started exploring Cherry Creek, and seems to be doing so very aggressively according to Mr. Taylor.

He expects to see drill results before the end of the year, and good ones, too, given that drilling is occurring at areas with known high-grade silver mineralization. Silver Cliff should also have little difficulty attracting a major, adds the editor. With or without a substantial move in the price of silver, Viscount s market cap has the potential to be much higher than its current $6.7-million, Mr. Taylor concludes.

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