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Re: Imperial Whazoo post# 17816

Thursday, 08/05/2010 11:36:09 PM

Thursday, August 05, 2010 11:36:09 PM

Post# of 65657
I think you may be mistaken about the ownership of the sinker tunnel. The last I heard the sinker tunnel was owned by GHDC and SFMI would have to pay a user fee of 15% for any metals that were removed from said tunnel or any metals that were transported through the tunnel from any of the other shafts connected to the tunnel. Any metals that were moved and touched any portion of the tunnel would be subject to the 15% user fee payable to GHDC Also SFMI does not own the property that the mill sits on, that property is subject to payments to the landowner in gold bullion at a highly deflated price, I think it was something like 640 bucks an oz, over an extended period until the loan is satisfied. Lets hope they can make those payments, or the landowner will own a mill. JMO

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