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trueblue

11/30/09 1:08 PM

#44490 RE: Johnny4profits #44489

You missed the fact that they have pr'd how they were to be paid before. The percentages and time lines.
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RS500

11/30/09 1:29 PM

#44492 RE: Johnny4profits #44489

J4P your observations are not entirley accurate.

The Cu Con is being paid for in this manner (as best I can recal but no doubt will be corrected) 75% is paid on LEAVING the mine, 10% on arrival at the smelter, and the final 5% on the issuance of the assay / content report from the smelter. So yes you did leave something out, there is cash flow, and all that would be on account so to speak would be a 5% balance due paid on demand on issuance of the report from the smelter.

At least that is what I read.