being very careful with this post
Can someone explain to me from the SFEG PR it says TMRC will get 50% of the company if the stock is revoked from a previous post
its a PR release on a feasibility study
here are clip from it
The area to be studied also includes a two-mile radius “area of Interest.” It is expected that upon completion of a “bankable feasibility study” TMRC and SFEG will jointly develop the deposit on an ownership basis of TMRC 50.5% and SFEG 49.5%, with TMRC the project operator. The letter agreement also provides TMRC the option to participate in other projects within the “area of interest” should SFEG elect to seek outside participation in their exploration and development.
TMRC is funding the project .
t is planned that exploration will be designed to proceed in phases, each based on the success of the previous, thereby limiting financial risk and expense.
Phase One is expected to focus on identifying shallow targets with close spaced electro-geophysical arrays from the surface and testing them with targeted diamond drill holes. The effective depth of penetration of this method remains uncertain but is estimated to be in the 75- to 150-foot range. We estimate a cost of approximately $500,000 for Phase One and, subject to regulatory permitting, weather and availability of contractors and equipment, will require up to nine months to complete.
