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"The frac sand market is constantly evolving, and this presents new opportunities to VSL," said VSL CEO Ken Murdock. "High-quality Midwest frac sand remains at a premium, and the relationships we are establishing in the US and Canada today will benefit Victory Nickel in the near-term as well as down the road when Minago financing, mine development and production moves forward. Our internal forecasts indicate that margins in excess of $25 per ton of frac sand can be realized on sales from the 7P Facility."

 

"We are fortunate to have the expertise of Ken Murdock," said Mr. Galipeau "Today's achievement is Ken's first step in his three-phase program which calls for production of 400,000 tpa of premium-quality Wisconsin frac sand in Canada by mid-2013 expanding to 1,500,000 tpa of imported and domestic frac sand within two years. Financing discussions are advancing."


 

So when things work out as planned and sales margins are in excess of $25 per ton, they can possibly earn $10.0 Million at an annual production of 400,000 tons and $37.5 Million on 1.5 million tons.within two years.