VKML is a gold play that we mentioned earlier in the Summer, which subsequently made for itself a bottom, moving from .02 to .10, and settling back to its level of .085. We believe that VKML could very well see another 40-50% in gains once the current resistance level of .10 is breached, and the chart certainly looks primed for another surge.
The company recently released positive assay results from its main claim, known as the Dolly Varden property, and at this time we are awaiting further information.
Copper prices are at an all-time high with an overseas demand from Asia which looks to keep prices at these advanced levels or even greater. Copper is one of the most profitable minerals to mine, with the overall profit being around 65%, a margin which is even better than the associated cost of mining gold.
VKML figures to make big strides in the future with expected Copper production reaching more than 10X the average for mines in the area.
PR regarding the assay claim:
PHOENIX, ARIZONA, Sep 06, 2011 (MARKETWIRE via COMTEX) — VIKING MINERALS INC (OTCBB: VKML) ( www.vikingmineralsinc.com) reports up to 5.23% copper from its first five assay results at the Dolly Varden Claims, in Elko County, Nevada.
The five samples were shipped to the ALS Chemex lab in North Vancouver, Canada.
Company President Charles Irizarry stated “The Dolly Varden Property continues to prove it’s self as being highly mineralised with the potential for bulk tonnage copper, gold and silver recovery. The results of up to 5.23% Copper from our first hole have exceeded our expectations. Especially when considering the neighbouring Robinson Mine averages 0.5% Copper. There is growing anticipation on what our next set of results will bring.”
Star Scientific, Inc. CIGX
Our original call of CIGX came over a year ago, at which time the stock was trading at 1.55. In the months that followed it had hit a high of 5.35 (On May 31st) marking an enormous gain of 235%
We mentioned CIGX again back on August 31st, when the stock was trading as low as 2.23. Yesterday, the stock hit 3.10, for a gain of 39% and marking the third day in a row of gains.
We had originally called the play as having high rebound potential, and it turns out we were correct. CIGX appeared on the NASDAQ top gainers list this week.