Actually Rem it is Castle Peak that owns the mining rights and would grant HMIT the ability to mine the properties for a 50/50 split. Basically Castle Peak paid for the rights and HMIT pays for the equipment and mining costs with revenue split 50/50.
The operation, based on the equipment Klok "said" he has, would be placer mining of alluvial deposits. Klok does not have the equipment required for the exploration and mining of hard rock deposits.
remfire Lets just wait and see what Klok can bring to the shareholders. Im hopeing for a nice pop in the stock with some good news .005 to .03 take care HMIT shareholders.
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