I think they should have done a joint venture for the Frac sand portion of the claim with a major oil & gas drilling company like Precision Drilling, Trinidad Drilling, Akita Drilling, or Excalibur drill......etc
They wouldn't drag things out, they'd build a large processing plant & get at it.
Any one of these companies has buckets of cash, they don't dilly-dally around, they go in, get the job done & get out.
After that Victory could have the cash & go ahead & mine the nickel deposit. (if it's still profitable to do so )