GREY:VMSTF - Post by User
Comment by
U3082014on Apr 26, 2011 9:41pm
274 Views
Post# 18492141
RE: RE: RE: RE: RE: RE: RE: More Info
RE: RE: RE: RE: RE: RE: RE: More Info
HBM&S isn't hiding anything....and I am not from Management.
Reed is a GO.
Board approval is a formality.
Timeline is somewhat different than what some expect on this board.
Scoping study will give some cost estimates.....the followed by Board approval.....then Permitting(this takes at least a couple of months).
Reed Mine construction will likely start this Fall.
Ramp/decline won't start until Spring of 2012.(this is Gospel) This is common knowledge people....
Production in Late 2012.
Royalties to VMS in 2013.
VMS to start paying for 30% of CAP EX in 2013.
GLTA!