Sparrowtech Resources (SPMC)

[alexindef]

I really like it
Sparrowtech spent $35K for 100% of Eagle Nest property - look at their assets now:

from Convege:
- $30K (already)
- $20K + 15K + $15K (Sep/09, June/10 & June /11)
- 5M Common shares July 15/09 ($285K?)
Total ~ $365K + 3% net smelter return

from Uranium:
- $45K (in)
- 500K Common shares (in) ($50K)
- $150K in one year frame
Total ~$245K + 3% net smelter return

PLUS - 15% administration fee on exploration expenditures

Well, well... Sparrowtech just added $575K to assets, still have 6% of the property, extra 6% net smelter return royalty on the revenues from the production of gold and all other commodities & 15% admin fees... Looks like they have better deal than their partners