Congratulations on two winners, firstly. Well done! VMS' deal with HudBay is not quite as you put it. Remember, this land was optioned from HudBay in which the latter has a buyback clause. The buyback is for 70% to HudBay, but in exchange for 1.5 million dollars to VMS and only after fulfillment of expenditures to bring resources on this claim to production. HudBay owns zero percent of the claim right now and must spend a lot in order to meet the buyback stipulation.
2ndly, as has been noted on this board, the deposit is right at the border of 70% HudBay buyback claim and 100% VMS claim with 0% buyback clause from HudBay. That is what is creating so much intrigue. Both companies were in a scrum last week. It looks extremely likely that the vast majority of the deposit (size of which is yet to be determined given how early stage it is) dips quickly into 100% VMS claim.
I am hearing that company believes they have at least 10 million tonnes of ore just based on this one lens, with upside from there. If this proves to be the case for a worst case scenario, the tonnage would still be highly significant.
Lastly, you are right. Infrastructure such as roadway, smelter, etc are all in place and nearby.
