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Old Geologist

10/16/11 6:47 PM

#19763 RE: end2war #19752

End2WAR the payments are high as is the NSR. Companies try to do deals where they have low payments at the front end of a deal so they can put money in the ground exploring. This deal has cost over 500k in 2 years. Just think if they could have put that into exploration and permitting. Also a 4% NSR is on the high and there should be a clause to buy back at least a portion of the NSR.