Smn compass, page-14

3% in Company prospectus. Company is trying to void royalty through breach of contact. Company lost arbitration and appealed to the Supreme Court. Obviously they wouldn't appeal if they thought they were going to lose. Losing means they owe unpaid royalties and the 3% is back in. Ask Simon for details. I asked Veitch about it years ago. He indicated it's not an issue so i invested a bit more. Royalties are part of a deed of sale and will only go away when we stop using cvm or extinguish the contract in this court process. No royalty means more to break up with partners. A 3% gross is a fair whack to be on the hook for.