GREY:VMSTF - Post by User
Comment by
axegirl1on Jun 26, 2010 6:05pm
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Post# 17224932
Outhouse, what don't you understand?
Outhouse, what don't you understand?First off all, the article is from THIS MARCH, not last march. It is dated March 2010, that was 3 months ago.
Second of all, Hudbay would not be hot in the middle of negotiating a JV deal with Vms over Reed Lake if they where not interested . in the Reed property. Also,regarding the author of the article i posted and the mining weekly publcation-----are those people "pumpers" also? Clearly 'hudbay "wants" Reed Lake. The information is right in front of your face. They are n-e-g-o-t-i-a-t-i-n-g a deal............... A lttle common sense goes a long way. Try a little harder Ouhouse.
REED LAKE
Still in Manitoba, HudBay announced on Thursday that it has signed a letter of intent with junior VMS Ventures, which could lead to the firms forming a joint venture to develop the Reed Lake property in Flin Flon.
HudBay owns the Reed Lake claim but it is currently under option to VMS.
If the companies go on to sign a definitive agreement, they will form a joint venture on the Red Lake claim, in which HudBay will own 70% and will be the operator.
Reed Lake is an “attractive, near-surface project” that could provide feed to the Flin Flon concentrator at the ageing Trout Lake mine nears the end of its life, Holmes said.
“We intend to advance Reed Lake to feasibility with the intent of bringing it into production expeditiously.”
This means, 'We Want it!)