more info on CdB with fees and costs
On January 22, 2004 the Company was granted prospecting rights for a three-year period to a defined geographical area consisting of 3,536 square kilometers located in South Kwanza Province by the Republic of Angola Ministry of Geology and Mines ("MGM"). Simba is required to perform compulsory minimal works (as defined in the agreement) and to pay $30,000 annually to the MGM. In addition the Company is required to invest $400,000 in the first year and $1,600,000 in the following years.
$2,090,000USD for 3 years. If this is correct why accumulate so may concessions.
more info on CdB with fees and costsOn January 22, 2004 the...
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