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Re: webtime post# 68075

Wednesday, 10/20/2010 10:44:41 PM

Wednesday, October 20, 2010 10:44:41 PM

Post# of 83058

If they could have produced $$$$$ they would have.............end of story.


Not true, if a contract is signed, and is limited to a specific piece of property. A company has to put forth a good faith effort to abide by it.

Here's how i look at it, if i have a 100 ac. and a river divides it into 50 ac. tracts. My side has Gold, Silver, Copper and the other side not really sure.(thats why so much money is spent on drilling)
Now lets say Navada Star owns the 50 ac of that (not really sure), and i sign an agreement to mine the land, just because one side has precious metals does not mean the other side does.

So i proceed to mine their land first because of a contract and find out, it is a harder rock, and more dirt then on my side. No matter what i try i can't get any of the precious metals out?
Now i know the mill i have built will run the ore on my side, no problem, but i can't mine it due to a contract.
I have no more money to get my side to the mill, and Navada Star says, i don't care. Not my problem.

IMO there is enough land under lease that can run through the current mill configuration, problem is, no money to get to it. Tried to heed to contract and ran out of money before they could get to it.

JMHO

GLTA Longs


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