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Vanadiumcorp Resource Inc V.VRB

Alternate Symbol(s):  VRBFD

VanadiumCorp Resource Inc. is a Canada-based critical metals company. The Company is engaged in the acquisition and exploration of mineral properties in Canada, with a primary focus on the exploration of the Lac Dore and Iron-T Properties in Quebec. The Company produces a stream of quality vanadium electrolytes for Vanadium Redox Flow Batteries (VRFB). The Iron-T Property is located in the Nord-du-Quebec administrative region in the Province of Quebec, approximately 15 kilometers (km) east of Matagami and 780 km northwest of Montreal. The Lac Dore Property is located approximately 27 km east-southeast from the City of Chibougamau, in Eeyou Istchee James Bay Territory, Nord-du-Quebec administrative region, Province of Quebec, Canada. The Lac Dore Project comprises two claim blocks, referred to as Lac Dore Main and Lac Dore North. The Lac Dore Main claims cover an area of 648.82 hectares (Ha), and the Lac Dore North claims cover an area of 4,637.87 Ha.


TSXV:VRB - Post by User

Bullboard Posts
Comment by maybe111on Jul 15, 2017 9:23am
80 Views
Post# 26472455

RE:RE:RE:RE:RE:The recent blackrock financing

RE:RE:RE:RE:RE:The recent blackrock financing Your question is a fair one.  The VRB property is less expensive to mine and would be the best place to start.  That, I believe, was the previous managements approach i.e. wait and sell out at a good point.  Not a bad strategy but management then had the opportunity to live on the investment while that was happening, probably 5 to 10 years.  It appears that the stockholders did not appreciate this approach and removed that management.  The option still exists.  Since that time the new management worked on bringing the mine into production itself, not a consideration with the previous management.  During this process more advanced technology was found leading top where we are now which might mean that the new technology is worth for more that the original mine was ever worth.  
Bullboard Posts