GREY:VGMNF - Post by User
Post by
mr46on Jul 15, 2013 11:51pm
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Post# 21609360
Virginia AGM report
Virginia AGM reportFist of all I want to say that my former nickname was monsieur46 but I had to change because I was unable to login . For those who owned the VIA shares in 2004 you will probably remember me although it is many years ago .
The most exciting news I learned is about the royalty : Goldcorp is drilling more than 110KM on the Eléonore deposit . André hopes and is very confident the reserves and resources will increase significantly .
The royalty is not for sale but André is working on many differents scenarios if he needs to sell :ie takeover target . Goldcorp has the right to first refusal and can equal any price target for the royalty .
What I did not know if there is a VGQ takeover the royalty is not separated from the deal and Goldcorp has no right to equal the royalty value .
Wabamisk discovery is promising . Coulon will be a mine over the next few years , a lot of work was done to know more the deposit and many same samples will be taken this summer to get ready for drilling the best targets next winter .
They reached a deal with Altius to share together the results from the 2 companies and drill anywhere in Labrador or Québec where the targets are the most promising .
They made a deal near the former Giant mine in NWT . They are excited with the geology of the property .
Ther is a lot more to talk about but I think it is a good resume .