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Re: groveswise post# 7075

Monday, 05/23/2016 1:38:15 PM

Monday, May 23, 2016 1:38:15 PM

Post# of 47628
Because the new agreement isn't as clear on that point as the one with Argonaut. This agreement says " Under the 50/50 joint venture agreement, MarMar will operate the mine and carry all costs." That doesn't necessarily mean that they won't be reimbursed from the proceeds before the split.

8 seems to feel that the split will occur on the gross. I hope he's right.

Dino