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Monday, November 05, 2012 10:49:13 AM
It will not only be deferred but rather canceled as ABX looses any and all rights to mine these claims. Those with the mineral content on the Chile side of the project.
The agreement does not call for replacing the silver from other sources only a none performance clause.
ABX will pay SLW the breakup fee plus interest and SLW will severly adjust their inventories downward.
http://seekingalpha.com/article/978361-silver-wheaton-delivers-record-results-but-buyer-beware
This post is based on a serious story developing in Chile where there is criminal charges pending against ABX (Minera Nevada) executive personnel.These are based on fraudulent claims of ownership.
Several other court actions are also on the go where it is likely that the Pascua Lama Protocol will be annuled????
When the courts allow information to flow on this story it will be more or less over for ABX/SLW at Pascua Lama.
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