TNR Gold Corp (TNR)

[JD400]

If upheld TNR has a 25% back-in right to a substantial portion of the Los Azules project underlying known mineral resources that may be exercised to acquire a 25% interest in such part of the property. TNR has also claimed damages. We estimate that the Los Azules Copper Project represents approximately 50% of the total assets acquired, not counting liabilities assumed, in the acquisition, based on our preliminary estimate of the fair value of all identifiable assets acquired and liabilities assumed.

This is no small time thing here folks

Could turn out into a huge shot in the arm for TNR and take them up a notch.

I think the judge will see that were not just talking about some typical mine hole but one of the top ten metal deposits in the entire world. That there's enough for everybody. Anybody that has mined copper knows that most of time in most copper mines that the main product [Copper] is produced free and clear because the small amounts of gold that is retrieved usually pays all the bills.

A good question is. If there's 12 billion pounds roughly estimated how much gold would be in such a huge deposit?

TNR may have dropped the ball here. Mainly because they had years to settle this contract matter before the exploration large results came in. It was only when the merger got closer TNR appealed much to everybody's surprise.

In any case I still believe everybody wins in this one. IMO