GREY:VMSTF - Post by User
Post by
U3082014on May 01, 2011 8:58pm
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Post# 18515517
Real INFO....not B.S!
Real INFO....not B.S!Scoping study is taking place right now...
Following a positive scoping study is board approval(merely a formality) it is 4%+ copper= no brainer.
Lets say it is June when they get board approval.
Permitting phase(2 months estimated gov't approval time)
Sept. they may have advanced mining permit in place.
Prelim. Reed Lake Mine construction may start in Oct. 2011.
Ramp/decline will start in Spring of 2012.
Production in Late 2012.
Royalties to VMS from Reed will be in 2013.
The decline/ramp in Spring of 2012 comes DIRECTLY from a source I have....and it is 99% reliable.