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Friday, August 07, 2009 12:41:24 PM
Lake Victoria Mining Company has a knowledgeable management team in the resource industry, which is closely tapped into a reliable geological team on the ground in Tanzania. A strong strategic plan has been developed and implemented from the outset of the company.
Once a resource property is acquired by Lake Victoria Mining Company, the immediate goal on each property is to conduct sufficient field exploration to establish a "proven resource". The value of a property containing a "proven resource" is dramatically more than that of one with a potential resource.
This allows the company to immediately take steps to either establish an operating full scale mine or make a sale of the "proven resource" while still in the ground to a major mining company.
In either case the company will realize major leverage from its’ initial mine investments in acquisition and field exploration from the "proven resource".
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