snagged a few more shares at 0.10Victory Nickel Inc. has received a draft of the Environment Act licence for its Minago nickel project in central Manitoba. "The magnitude of this accomplishment by the Victory Nickel team is difficult to put into a few words," said Steve Harapiak, president and chief operating officer. "This is the culmination of approximately four years of effort and meetings between the company, the government of Manitoba and the various first nation and Metis representatives." "Upon receipt of the final licence, Victory Nickel will be one of the very few companies with a viable permitted mining project ready to move forward," said Rene Galipeau, vice-chairman and chief executive officer. "I thank everyone involved for their efforts." The final licence will include changes recommended during the review of the draft by the company, and the government and accommodation measures resulting from the Crown/first nation consultation process. The timeline for completion of Crown consultation is Aug. 15, 2011, so that Manitoba is in a position to make a decision on Victory Nickel's licence application by Aug. 19, 2011. The Minago open pit will produce approximately 26 million pounds of nickel per year. The open pit represents only a portion of the overall resource at Minago. While mining the open pit, the company will plan for the potential underground mining and development of other pits on the North limb if possible.
----------------------- plus factor in their Prophecy Coal & Wallbridge Mining holdings ----------------------------
200MA = 0.105
NICKEL = 10.80
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