Financial Objective
The key objective of Lake Victoria Mining Company, is to identify and acquire mineral resource properties that have a high potential for a proven reserve, and to establish one or more proven reserves, that can be either further developed towards production or sold to as a proven resource.
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 mineral 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 reserve. The value of a property containing a proven resource is dramatically more than one with only exploration potential.
This provides the company with the option to either take the steps to establish an operating mine or offer for sale the proven resource, to an established mining company. In either scenario, upon economic production or a sale of a resource, the company and shareholders should realize a substantial profit from their early investments in property acquisitions and exploration. It is the ultimate realization of the old adage "buy low and sell high".