There Exist Well-Performing Mining Stocks
Rockstone Research published its first update six months after initiating coverage on Vendome Resources Corp. (TSX.V: VDR; FSE: 9VR) – a silver exploration company becoming highly active in Mexico.
The English version can be viewed via this link:
The German version can be viewed via this link:
The potential of Vendome’s exploration projects inspires us, especially when considering that virtually no drilling ever took place. This is about to change.
The large amount of high-grade chip, grab and channel samples that were found and presented to the shareholders appears to be unprecedented. The first NI43-101-compliant Technical Report that was published in mid-November 2012 confirmed our impression. The report anticipates the mineralized polymetallic vein deposit to be related to regional-scale (geologic) structures that penetrate to great depth, and, moreover, that it is probable that additional veins are present in proximity to other regional structures on and near the San Javier property.
Furthermore, based on ASTER satellite imagery, the apparent disposition of hydrothermal alteration and structure, the La Diana and San Miguel properties may host mineralization similar to that found at the San Javier property, and, with it, the possibility of multiple prospects and occurrences across those properties which have a combined size of 17,000 hectares.
Although all mining indices worldwide are reaching new year-long lows, the Vendome stock stems successfully against this trend.
We value Vendome being a junior mining stock able to perform even if the general market continues to depreciate. Thanks to the announcement of a 3,000 m drilling campaign (first one ever), we feel constrained to increase our initial price target from 55 to 75 Canadian cents as we speculate on spectacular drill results during the next 6 months.
The full analysis can be read using the following link:
Please read the Disclaimer within the research report.