News Focus
News Focus
Followers 12
Posts 2117
Boards Moderated 0
Alias Born 04/30/2009

Re: Johnny4profits post# 44489

Monday, 11/30/2009 1:29:00 PM

Monday, November 30, 2009 1:29:00 PM

Post# of 83058
J4P your observations are not entirley accurate.

The Cu Con is being paid for in this manner (as best I can recal but no doubt will be corrected) 75% is paid on LEAVING the mine, 10% on arrival at the smelter, and the final 5% on the issuance of the assay / content report from the smelter. So yes you did leave something out, there is cash flow, and all that would be on account so to speak would be a 5% balance due paid on demand on issuance of the report from the smelter.

At least that is what I read.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today