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Re: maxbet post# 22292

Tuesday, 03/20/2018 8:31:29 PM

Tuesday, March 20, 2018 8:31:29 PM

Post# of 24290
Extension payment must happen, if it is going to happen, by the first week in April. Tonogold may have plans extending beyond that point. Their website timeline carries it forward to mid 2018.
It depends on how good the resource model looks to them.
And also on if they really do have access to the cash required.

"Tonogold paid Comstock $200,000 for an initial 6-month option, which can be extended at Tonogold's election for a further payment of $2 million prior to the expiry of the initial option period.
The $200,000 payment was funded by Tonogold during the September 2017 quarter but was held in escrow by Comstock’s lawyer and was released to Comstock upon Closing on October 3rd, 2017
"
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