OTCPK:VDMRF - Post by User
Comment by
jsnfernleyon Nov 09, 2017 11:23pm
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Post# 26937374
RE:RE:Another pump story
RE:RE:Another pump storyI certainly wouldn't call it a scam, there is a substantial body of work performed on both deposits dating back to the 1950's, as outlined in the 43-101 report VONE has on its web site. The resources are not 43-101 compliant at this point.
When VRB had its 43-101 commissioned, the report writer (Rejean Girard) had considerable experience with the Lac Dore property, and gave the past drilling Inferred resource status. I haven't looked into Mont Sorcier that deeply, but I see no reason to not expect the same will occur on some level. That's why I bought some VONE stock.
Further, Lac Dore had a full feasibility study performed on it in about 2000, I'm not sure what final level of study Mont Sorcier had beyond drilling and some metallurgy. It is certainly potentially larger than Lac Dore, even possibly if the Blackrock and VRB properties were put together. Strip ratio and other issues need to be refined.
The most profitable way to process and sell the concentrate from the deposit will be the open question mark, expecially if some of the newer technologies can improve the V recovery and upgrade the other products. Unknown and not assumable at this point.