Vms 1and3
posted on
Dec 30, 2009 05:27PM
No one ever talks much about these areas. Let's not forget that based on several years of drilling up to 39 holes...a resource study came up with inferred estimates of approximately 1,000,000 tonnes grading cu at between 3.75 to 2.13 and zn around 1.0%. Several million was spent by Kwg ,Spq and Uc...I'm sure the day will come when we will go back to this area...and hopefully turn this into an economical find. Maybe after we get our 55% earn-in UC,SPQ and KWG will fund another round of drilling go a little deeper and find what is really there.
There is so much to explore...that's why I think we may be a target for a take over. If that ever happens...with the rights plan in place..all shareholders who hold their shares are entitled to purchase an equivalant numbers of shares based on their holdings at 50% of the value at the time of a takeover bid.
8 cents is ridiculous. Happy New Year! I'm still a buyer!