XOC it's not a simple transaction unlike what you are...

XOC it's not a simple transaction unlike what you are portraying and it's not been without risk to the directors.

From the public information available it seems that the directors have been going through a forfeiture process since 2011, well before they got involved in BCN.

It would be reasonable that they have committed up to $1,000,000 in legal fees to get this where it is at.

Now here is the interesting point, they as the group involved in the forfeiture proceedings are the only group that could settle with OBM to discontinue the legal wrangle and be granted title to the project.

I think a small royalty and refunding the settlement amount, without profit, is a small price for BCN to pay to ensure they get access to project.

We must remember the fact that privately they have been slogging away here since 2011, well before they got into BCN would have meant that they would be well in their rights to have sold this off to one of the many mining operators in the immediate area or failing that settled with OBM and walked with the money.

As a shareholder I'm counting myself lucky they have chosen to get the project into BCN hands.

Based on OBM numbers it looks to be very rewarding for those that are playing the long game.