3f, as usual, a great summary of points. Regarding #2, wasn't the payment made using a "raw ore" figure? In other words, yeah...no concentrate sales / production but certainly they've been excavating big time which is part of the production process and they sold the "as is" ore in addition to the magnetite ore. Regarding #3, yes payment was made (more as a contractual filling token payment) but if the company doesn't have money to continue paying royalties due to cash flow issues/lack of sales, that is another legal matter; not an extortion attempt to get more money or change the deal last minute and grab the land. Gee, if a judge doesn't see through this one... well... not to mention force majeure...
This is serious and the company is taking it serious and they will respond very aggressively, but IMO, this will be settled to our advantage. BTW, I've heard concentrate is being produced at the mill now (small stock pile, too), imo, a PR to announce the concentrate partner(s) should be coming soon, and they have settled many, many problems and breakdowns at the mill. They/we are so close right now after many years of hard work...(a few more weeks) I'm trying to arrange a visit next week to see things for myself.
jtf
AI
