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Re: dale1953 post# 30705

Tuesday, 12/02/2008 8:33:41 AM

Tuesday, December 02, 2008 8:33:41 AM

Post# of 165856
Yes, if you go back and read the purchase of the lake property its laid out quite simply.SRSR owns the property and have control over the options of a flat rate buyout of the previous owners % or maintain the Royalties to the previous owner. That % is not great. 2.5% I think but if there is billions worth of Niobium as we expect there ,everyone makes out very very well!!!!!!!!!!!!!!!!!!!!! Sea