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VMS VENTURES INC. VMSTF

Metals & Mining Industrial Metals & Minerals


GREY:VMSTF - Post by User

VMS VENTURES INC.
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Comment by U3082014on Aug 09, 2011 10:01pm
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Post# 18924485

RE: From HBM news release

RE: From HBM news releaseAs  I predicted all along....

Advanced mining permit to be "applied for in 3rd quarter"......which means it won't get approval for at least a couple of months.....keep in mind this is an ADVANCED permit....NOT a permanent mining license.....that will require in-depth enviremental impact study and consultation with Government, First-Nations etc.

With an Advanced Permit they can drive a decline and take a bulk sample.....while they try to get the Mine License in place.


Which translates into....

Ramp/decline will NOT start until Spring of 2012.....Production in late 2012......Revenue from Reed Lake mine to start in 1st quarter of 2013.....



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