Re: Where copper is headed .
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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: Where copper is headed .
This tool is very helpful for me ( not been geo specialist )...Thanks Alcollard.
And as per Willem Middelkoop and VMS's Value Proposition your numbers popsboy are not too far off...nice work.
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We expect a strong opening for VMS shares on Monday’s trading. With a market cap of under C$30 million this stock could fly soon. Company background VMS Ventures has the second largest land position in Manitoba’s prolific Flin Flon - Snow Lake Volcanogenic Massive Sulphide (VMS) belt. The largest is held by Canada’s HudBay Minerals (HBM-TSX) with mines and mills in both Flin Flon and Snow Lake. More than 20 VMS deposits, rich in copper-zinc as well as gold and silver, have been discovered in this belt. To date, it has produced ore worth more than $29 billion. The belt’s average 5 million tonne VMS deposit has a gross metal value of over $1.5 billion. Value Proposition (by the company)Geological Setting: Flin Flon - Snow Lake Greenstone Belt. Proterozoic Marine Volcanic Rocks VMS Target: Multiple 5,000,000 Tonne (plus) Copper-Zinc deposits World Class Deposits: Flin Flon, Manitoba (Cu, Zn, Au, Ag) 60,000,000 Tonnes Kidd Creek, Ontario, (Cu, Pb, Zn, Au, Ag) 150,000,000 Tonnes Value Proposition: 5,000,000 Tonnes grading 2.5% Copper equals 50 lbs/tn at price of 3.50/lb totals US$175.00/tn plus 4.5% Zinc which equals 90 lbs/tn at a price of $1.50/lb totals US$135/tn for Zinc. Total contained metal (Gross Metal Value) = $310 X 5,000,000=US$1.55 billion US (Excluding Gold and Silver credits which can be significant in these deposits)http://www.vmsventures.com/projects_snowlake.asp#value_proposition_snowlake All the best,Willem Middelkoop, September 23th 2007 |
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