MSX is able to be on title by fulfilling its Option to JV
When the Option is acted upon, 1.8b are payable as agreed between the parties at that contract.
Whereat JL funds production with no less than 80% of the 1.8B will be advanced by JL to fulfill objectives, funds are to be jointly Managed by JL-MSX, for the sole benefit of Gold Silver and Copper mining and production
Agreed installments to place Pilot Plants the first few years, are aimed to design a 50,000 tons per day operation thereafter.
Most of the fuunds will be invested in production.
20% of payment, only, is unfettered to owners, who will pay tax as required, against that sum only, to the country of Chile.
Most of the payment to JL will come from production, royalties and as agreed, with MSX shares.
PASCUA transaction between JL and MSX is designed as an investor friendly transaction, clean, transparent and with clear objectives.
Starting with what Barrick has not.
Clean Title, Certified Dominion and legally binding Agreement at hand.
Spectacular news developing right as you read
stay tunned they are awsome and HUGE!!!!!!!
Barrick is to feel this punch coming up as PR soon
Is even greater than ... you ever imagined...
wow...
cheers and thanks