GREY:VMSTF - Post by User
Comment by
sirjeffreyon Oct 06, 2007 10:36am
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Post# 13533669
RE: HudBay has buyback rights of 70% on the claims
RE: HudBay has buyback rights of 70% on the claimsRead a little closer! It says that HudBay has buyback rights of 70% if and this is the key part: "bring the project to production" VMS is an exploration company, not a mining giant like HudBay. If HudBay brings it to production, VMS just sits back and collects 30% while it concentrates on exporing its other holdings. 30% is pretty big chunk of change on a deposit thats worth at least 2 billion, especially when someone else does all the work and pays all the expenses.