Rose Petroleum plc

DS&C Weekly Comment


VANE Holdings' Key Differentiator

Vane Holdings (VHL.L), a mineral exploration and development company, came to the AIM on the 2nd June 2004 at 11p. After some initial volatility the shares have settled at the current level.

The key differentiator for VHL.L is an agreement with Freeport McMoRan Copper and Gold, a US$7.5bn mining company, for access to its entire exploration database dating back to 1907, excluding Indonesia. VHL.L is currently undertaking two active projects in Mexico, the development of the high-grade Diablito deposit Silver and Gold, and the on-going exploration at Guadalcazar Gold. It has also just announced a third Mexican project, an early stage Gold and Silver Project at Mina Charay in the state of Sinaloa, West Mexico.

Download full article as a pdf.