Replies to post #9 on rupert gold (RUPRF)

[petcharlie]

From one of my post on a Canadian board.

today 7/18 0.76 +0.04 CN
0.588 0.0106 US

GOLD CENTER PROPERTY IS BETTER
Rupert holds a 100% interest in the Gold Centre property, which has the distinction of being one of the best positioned exploration land packages within the entire Red Lake gold mining camp. The Gold Centre property is immediately adjacent to and on trend with the world's richest gold mine, Goldcorp, now working within 600m of Rupert's boundary.

Rupert Resources shares more than double, may buy Finnish gold mine
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14:34 17 Mar 2016
Rupert Resources shares jumped by 144% after the company said it had an option to buy permits to Pahtavaara gold mine, and also renewed for 21 years a mining lease encompassing the Gold Centre property in Ontario
image: http://www.proactiveinvestors.com/thumbs/upload/News/Image/2016_03/757z468_gold_nuggets%2C_sized_56eb07a437c61.png

Rupert Resources shares more than double, may buy Finnish gold mine
Option to buy concessions in Finland
Rupert Resources (CVE:RUP) shares jumped by 144% on Thursday after the company said it had an option to buy permits to Pahtavaara gold mine, and also renewed for 21 years a mining lease encompassing the Gold Centre property in Ontario.
The Finnish deal means that Rupert has entered into an option agreement with the bankruptcy estate of Lappland Goldminers Oy, whereby Rupert has acquired a six-month option to buy the Pahtavaara gold mine, mill and exploration permits and concessions that represent a 124km2 land package in Finland in the highly prospective Central Lapland Greenstone Belt.
Total cash consideration to exercise the option is upfront cash payments Totaling $500,000, and in addition, the Corporation would be required to pay $2mln from a production royalty on 1.5% of go-forward revenues generated from the mine. If Rupert exercises the option, it will also be required to place environmental collateral amounting to approximately EUR 640,000.
Rupert intends to use the six-month option period to verify the historically low operating costs for the mine, work through the requirements to transfer the requisite exploration and environmental permits, licenses and concessions, build a comprehensive understanding of the license geology and test a number of promising drilling targets.
Rupert has also received approval for a 21 year renewal of the mining lease encompassing the Gold Centre property, which consists of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario.
Rupert holds a 100% interest in the Gold Centre property, which has the distinction of being one of the best positioned exploration land packages within the entire Red Lake gold mining camp. The Gold Centre property is immediately adjacent to and on trend with the world's richest gold mine, Goldcorp, now within 600m of Rupert's boundary.