VMS claim area is as big as HUB's. in this mineral province.
So , it can contain as much ore as HUB's

that says enough about his reasoning... claim area size does not = deposit size

in all his valuations he pulls out numbers which are pure assumptions..

"THIS IS THEIR PLAN - expand the resource 2-3 times
and then form new JV for the bigger area."

what if they cant expand... and where does he get his 5 mittion ton estimate, with cut-off grades at 2000$?

he likes to pull numbers out of his hat, you should look at some of his other valuations, and assumtions..

reed lake wont be worth much until we have a 43-101 compliant resource estimate. and then the feasibilty can tell us alot as well.. the current valuation is relativeley fair, but as drilling comes back, and work really starts going, she will grow.. dont expect the run we saw in 2007, look for a far more gradual rise