copper price new high, page-2

Binbin they keep telling us it is not undervalued but as you have pointed out the end price is increasing and the royalty does not contain any clause for increased commodity prices.


Yes to the sale at $20 million plus $10 per tonne processed ore.

They explore,hype up the resource,spend a high percentage on wages and drilling and reports then sell to cover costs.The winners are who.Not us.

The Board ensures that executive reward satisfies the following key criteria for good reward governance practices:
• competitiveness and reasonableness
• acceptability to shareholders
• performance linked executive compensation
• transparency
• capital management?????????????????????????????????????????????????????????????????????????????2007 Short-term
benefits
Post-employment
benefits
Share-based
payments
Name
Cash salary
and fees
$
Superannuation
$
Options
$
Total
$
Directors of Glengarry Resources Limited
K G McKay (1) 87,881 34,863 - 122,744
D R Richards (2) 208,057 41,943 17,800 267,800
D P Gordon 45,872 4,128 - 50,000
W F Manning 45,872 4,128 - 50,000
Other key management personnel
K M Seymour (3) 162,312 12,688 8,900 183,900
G A James (4) 42,342 3,811 11,000 57,153
D J Kelly (5) 19,369 - 7,120 26,489
J P Burns (5) 30,618 - 5,340 35,958
Total 642,323 101,561 50,160 794,044

$800 000 in wages?