Welcome To The VIT Chat Board

The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

Free
Message: Re: PP
PP
2
Dec 16, 2008 02:47PM

Dec 16, 2008 03:54PM

Dec 16, 2008 04:07PM

My understanding is that NEM can back-in anytime they want; however, once we complete a feasability study that shows we have "X" amount of gold, we can force them to make a decision whether or not to back in. If they chose not to back in, I believe that they will be entitled to a royalty income form VIT. I don't remember the exact details, but this is my general understanding. For any of you who followed the Bema Gold/Kupol property, no one really became interested until a feasibility study was either late in the process or was actually completed. It is questionable if NEM will back in unless we have at least identified 2 million ounces, and as of today, we do not have the proof that Cove McCoy, at this early state, has in fact, 2 million ounces of gold or more. Again, I am not giving exact details, but this is my recollection.


Dec 16, 2008 07:00PM
4
Dec 16, 2008 07:37PM
1
Dec 16, 2008 08:25PM
1
Dec 16, 2008 08:42PM

Dec 16, 2008 10:33PM
1
Dec 17, 2008 09:02AM

Dec 17, 2008 09:08AM

Dec 17, 2008 09:42AM

Dec 17, 2008 09:54AM

Dec 17, 2008 10:04AM
3
Dec 30, 2008 09:44AM
3
Dec 30, 2008 09:52AM
Share
New Message
Please login to post a reply