GREY:VMSTF - Post by User
Post by
BILLMINERon Sep 21, 2007 2:23pm
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Post# 13444561
the option agreement
the option agreementthat VMS has with Hudbay on the 2 blocks in the hit area is a win win situation for VMS. $55,000 cashdown (paid) and incur $ 300,000 in expenditures in order to earnt a %100 interest. HUdbay can earn back in a %70 stake providing they bring it to production.. So VMS would retain a %30 interest for doing nothing. Thats quite a deal for VMS. Yes this is purely speculative.. Not pumping.. But I do know how substantial hitting 34 metres of massive sulphide is in this given area.. The cores speak.. Always nice to have visuals..Word is out in the Manitoba Mining Community..thats for sure..I cant imagine results coming back until the end of the month, but TSL continues to suprise me with their efficiency.. Yes thats you mark..