gemfields ruby auction, page-229

  1. 12,498 Posts.
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    Do people actually do any research?

    There is so much misinformation here .. it is not funny!
    The bulk-sampling is a MINIMUM of 150k tonnes. That is not the issue, it is the "DECISION TO MINE" that triggers the payment! So the company can forestall a decision to mine for another 12 months before needing to make this final payment.

    Also Regius now has disddlysquat to do with it (sorry Davisite, I disagree with you). They have fully sold "all rights" to Mustang at the purchase time. The only other party involved is SLR Mining LDA, owned by a local Mozambiquan in accordance with Mozambique mining law.

    The $1.5 mill is payed to them, the lease holder. And If MUS doesnt comply and/or decides not to mine within 18 months, the lease goes 100% to them.

    This conspiracy theory is just spurious!
 
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