Replies to post #380 on BluSky AI Inc (BSAI)

[blademan]

I've been in a couple of gold plays that didn't turn out very good. Even though the price of gold kept going up. I looked at the chart on this on this and it's been trending up since Sept. Looks like it could continue.

[Bulwink]

I like a more regulated company.



Then you should check out their partner.
http://www.yaleresources.com/s/Home.asp


Yale Identifies Significant Geophysical Anomalies at Guadalupe

OTCBB: YRLLF

Last Update: 8/30/2010 11:27:00 AM VANCOUVER, British Columbia, Aug 30, 2010 (BUSINESS WIRE) -- Yale Resources Ltd. (TSX-V - YLL and Frankfurt - YAB , OTCBB: YRLLF ) is pleased to announce that a recently completed geophysics program at the wholly owned Guadalupe Property, on behalf of our partner Gold American Mining Inc., has identified multiple potentially significant geophysical anomalies

The Deal:

To earn a 90% interest Gold American Mining Inc. will be required to pay Yale US $ 900,000, spend US $ 2,000,000 on exploration expenditures and issue 1,000,000 shares to Yale over four years. Cash payments will be due every six months and will increase to a final payment of US $355,000. Yale will act as the operator for the project. The minimum work commitment before June 30, 2011 is US $ 400,000 including a minimum of 2,000 metres of drilling.

Should the earn-in be completed Yale will retain a 10% participating interest in the property as well as a 2% NSR, which can be bought out in entirety for US $ 2,000,000.