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gitreal

12/02/23 2:13 AM

#2981 RE: kid biscuit #2979

Why they let it go.

$13K in annual maintenance fees to the feds, maybe? They were due on Sept. 1st, they didn't pay and they lost the claims.

But here's an interesting thing....STAL never had the claims transferred to their name from Troy Mining. So, they claim to have bought the assets of Troy Mining, but maybe they never actually bought Troy itself? And for some reason, Troy was allowed to retain ownership of the claims? And the SEC filings lied, STAL did not actually acquire the Troy assets? And Troy screwed up by not paying the fees?

Not sure how all that worked, but one thing is for sure......there is no Troy Mine project for STAL to promote anymore. Any U.S. citizen can go out there and overstake those areas and the mineral rights of that land can be theirs!