Victory might consider...Victory should consider creating a wholly owned Frac Sand Division and then JV the Frac Sand Division on “say?” a 60/40 basis with an experienced Frac Sand Developer. The Frac Sand Division when in production should enable Victory to obtain better lending terms for the Minago Nickel Project that can remain 100% owned. A Frac Sand JV would require greater initial capital than the present $75 million mentioned to get the entire project started, The initial amount raised for the Frac Sand JV should be enough to provide for:#1. Cost to excavate partial overburden to initially allow access for 1.9 million tonne of annual Frac Sand Production. This cost might be on a higher than the 60% JV basis to Victory as it will also exposed the Nickel Ore for Minago. #2. Costs to stop ground water and runoff from entering the upper layers of muskeg and clay not excavated during the first year. #3. Cost to build the Processing Plant, Storage Facilities, Rail Siding and Purchase Mining Equipment such as trucks, shovels and crusher etc and potetial interest rates. #4. Cost of a conveyor system to get the mined Frac Sand to the Process Plant and Storage Facilities. #5. Cost to continue removing overburden during Frac Sand Production allowing for continuous mining during ensuing years. This will come from Frac Sand profits and might be on a higher than the 60% basis to Victory as it will also exposed the Nickel Ore for the Minago Nickel Rroject. #6. Potential Profits to Victory, based on its 60% interest in 1.9 million annual tonne after considering mining, labor, energy, administration, P&I, taxes etc.How much would the above items cost? Can the Discussion Group offer insights on the above relative to costs, potential problems and earnings based on a 60/40 JV, or provide other ideas on what it would take to get Minago moving, That along with the pro's and con's from the group might help us visualize possibilities considering the present situation.