Following a fantastic run up under massive volume, VKMD stumbled into the close.
We want to be clear, despite some panic selling, TBX stands behind VKMD - we believe it has the potential to be the next large producer of gold and copper and expect we will hear news from the company very soon.
The show is not over, this is only the beginning and there is much more to come. VKMD's pull back into the close could be the opportunity of a life time!
Viking Minerals, Inc. (VKMD) is engaged in the acquisition and development of near-term producing copper, gold and silver properties in the United States and Canada.
Viking is focusing on developing its Dolly Varden properties in northeastern Nevada, adjacent to the Victoria Copper mine. The Victoria mine has been active many times, throughout history, most recently in the 1970s and 80s, with each shutdown due to falling copper prices. The Large resource of copper in this area has been well documented and hosts two large operating mines ? Battle Mountain and Robinson.
With VKMD's Dolly Varden property strategically located between The Kennecott Mine, the world’s third largest copper gold mine and Quadra’s Robinson Mine, which produced over 126 million pounds of copper and 81,000 ounces of gold, VKMD's 200 acre Dolly Varden Property has the potential to be the next large producer of gold and copper.
Global Demand for Copper Outstripping Supply Copper prices are at a historical high with demand from China promising to keep prices at these profitable levels or even higher. Copper mining is one of the most profitable minerals, with $4.20 copper bringing a 65% return – even higher than $1,550 gold. China consumed seven million metric tonnes in 2010, which is 35 to 40% of the global supply, making this the perfect time to be in copper mining.
With solid management, an experienced technical team, and a large copper-rich land position in mining-friendly Nevada, Viking is well positioned to be North America's next great mining company.
We are committed to covering this company for the long term and will keep our subscribers informed as developments continue to occur at VKMD.
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