RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting Undertaking
These projects have several billion (USD) in potential value and new drilling has been completed to increase the size of these deposits as part of a due diligence program leading to acquisition. One of the Companys operational priorities is to secure interest in and seek financing to acquire either or both of the Rentian vanadium project and Dong Du vanadium project in the Xiushui Area of Jiangxi, China To bring the first of these projects into production, VanSpar intends to use low cost open pit mining methods with low strip ratios and newly patented clean vanadium extraction technology. To initially process first mine output, VanSpar plans to use its newly patented clean technology. Negotiations are continuing for other vanadium acquisitions in the general Xiushui project area. In 2011, VanSpar was mandated as the exclusive consolidator of vanadium projects in the Xiushui area by the local government. A number of PRC based investment groups have expressed interest in financing VanSpar and its programs and negotiations are continuing. Additional drilling can expand the resources in all of these defined deposits relatively easily and bring them to a higher level of reliability. . leading to an acquisition - means they do not own it, they need financing to buy, they are looking for a financier. How long to you think that the seller will hold the property if lee can't get the money? Is it possible if another buyer throws the money on the table that there may just be a clause as to how long sri might have to pony up the cash? Again if it was a good deal why is it that the company that commissioned vanspar could get someone with money to back them?