RE: VMS GREAT ARTICLE REED LAKE POTENTIALBest post I have read here in a while. Thanks. GLTA
----------Original Message Posted 1/22/2011 1:24:16 PM----------
good article
also interesting to note on HB's webcast from the CIBC investment show in Whistler on Jan 18 that Garafolo mentions to the investment community in his opening statement the Lalor project and the Reed Lake project is what is going to be bringing major value to HB in the very near future. He does not go into depth with Reed but I think there is a reason for that. I smell a take over coming. They want Reed cheap!!
In the last two years of these presentations this is the first one that HB has put Reed at the very top of their excitement and value growth. Before it was Aquila next in line too Lalor and also interesting that there was not even an after thought of Halo's Lost lake deposit??? He never even mentioned Lost Lake.
Two key presentation to listen to and look at the powerpoints off of HB's website are the exploration presentation on Dec 15, 2010. and listen to the latest webcast on Jan 19.
In the Dec 15 power point check on the drawings of the drilling on Reed lake. Major room!! Also listen in the webcast when David talks about how most of every HB mine has doubled or tripled. He also mentions how Trout lake mine started as a 3 mil ton ore body and 10 year mine life that ended up to be I am guessing 30 mil tons and 28 years of mining.
Also note in the Dec power point they have circles drawn around all the area's and potential tons. Key note is they have 10 million ton marked on Reed Lake. HB has a very distinct history on being conservative when giving numbers out but if you read between the lines they put major value in the Reed Lake deposit.
It is now crucial to get the big time share holders to understand this as we all believe HB is going to become very aggressive on getting this mine for under a $1.00
