Bamko: Can you please help
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Copper-zinc exploration in the Flin Flon-Snow Lake VMS Belt
Recent Results Include 6.69% Copper Over 71.69 Metres and 3.74% Copper Over 21.77 Metres
Message: Bamko: Can you please help
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The following was posted on NOT's hub, which I own a small chunk of. However I am large on VMS. Is this comparison concerceate:
NOT #5 Versus VMS RD 07-02
Posted by: MiningJunkie on October 06, 2007 04:18PM
In response to: Re: Question NOT ... by johndefur
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Firstly, Hudbay Minerals has a 70% back-in agreement for relatively small $$$ leaving VMS with 30%. As measured against NOT's 100% interest, NOT has the edge by a large, large margin. NOT has nearly 70 m of mineralization vs. VMS 43.05 - Advantage: NOT. As for ore value per tonne, the Cu-Zn-Au-Ag combined metals credits for VMS came to U.S.$431.70 versus the Ni-Cu-PGM combined credits of a tad under U.S.$2,500. Advantage: NOT (going up against NOT in metal credits analysis have NOT duelling with an unarmed man) Infrastructure and location: VMS is in a superb locale - the Snow Lake VMS belt in Manitoba has all the power, water, roads, labour etc one could ever hope for. Advantage VMS Market cap: NOT $350M VMS $41.57M Advantage VMS Conclusion: RD 07-02 is a great hole but NOT #5 is a stunningly rich spectacular drill hole. VMS did a lousy deal with that back-in agreement and thus will not even hit my radar screen. Nice try, though. |
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