GREY:VMSTF - Post by User
Comment by
wintersun10on Mar 03, 2015 3:17pm
213 Views
Post# 23485180
RE:RE:RE:4.5 million paid 18 million to go
RE:RE:RE:4.5 million paid 18 million to gotenacious1 wrote: The Assean acquisitions acquisition sounds great to me. Very low cost and over $5 mil of drilling data to look through, with several zones already discovered.
yeah sounds great, as long as they can find the motherlode in the first drill hole. 20 km to explore, say you do 1 km per year. thats 20 years out, not to mention how much that would be.
Look at Fission, they have located a great deposit and now they keep drilling themselves into oblivion.....not exactly the way to go......
the way to go is what VMS did with Reed, fast track from discovery to production and forget to prove up the last gram of deposit.......