They have zero idea So I read this gold report and the only thing I learned was these guys have zero idea what they are talking about
For example this statement
So far, VMS has not drilled off to the side or underneath because it simply doesn't make economic sense. But once it has the decline into the deposit, it will build side rooms, set up drills and start fan-drilling and see what it gets, right?
What a joke, they stoled this statement from the NR about the Lalor project where they are talking about drilling off the gold that is around the 1200m mark. VMS use this to try and make escuses for what they dont know.
Also the other thing that makes this a joke is that VMS has zero control on the drilling around Reed Lake. They can make suggestions but if there is no real target HudBay will not drill it. Also the real reason HB has not drilled deep or around the deposit is they have no interest in proving up the ore that will be found close by. Especially if you drill the wrong way and down dip. Oh ya I forgot. VMS is not sure what down dip means yet.
You have an incredible ore body near surface and over 100 holes in a 100m diameter with ore in almost every hole. But dont you dare drill outside that diameter because we want to save the jack pot for when we go under ground. Hahahahahaha!!! Mean while they put a gun to your head and say this deposit is what it is so you might as well sell out the share holders. This is no different then getting mugged in NY.
Dont worry for those out west that are not really sure what is going on. We'll keep you informed.