Hi haitokin,
I'm doing a bit of research into VMS and trying to determine the significance of the REE occurences. The website does not provide very encouraging information regarding their Eden Lake drill program -- it says "no economic grades of mineralization were intersected", and the company seems uninterested in funding major work any futher themselves. That does not square with $21,000/tonne gross metal value average in 30 veins, given that $21,000 a tonne in a deposit of any significant size would seem highly economic, even as veins of any significant width. Could you reconcile the difference? I guess one needs to know, and I don't know if you could answer, but:
1) Is Eden Lake accessible to infrastructure?
2) Are there smelters available in North America that could process the particular REE minerals if they were mined?
3) What are the dimensions of these veins, in terms of observed width, etc, and do we know anything about their orientation?
Your post got me interested initially, but now I have to wonder if VMS is anything more than a pure grassroots exploration play, commensurate with the lower market cap that it has. |
