not selling, page-4

buddy134,

Sorry to make you post onto two therads but isn't the offtake agreement for the avebury mine nickle, not who owns the mine. The way the
With the takeover of AGM would this not be part of the "deal".

quote: Announcment "OFFTAKE AGREEMENT" 21st april 2006
The offtake agreement has the following features:
1. Includes all nickel concentrates produced from Avebury Resources announced on 9
November 2005.
2. Production estimates from these resources over the next 8-10 years totals approximately
70,000 tonnes of nickel metal contained in concentrates which, at prevailing nickel prices is
worth approximately US$1.3 billion (A$1.7 billion) in gross revenue before smelter charges.
3. We are advised that the smelter payments terms to Allegiance are amongst the highest paid
for nickel concentrates but the details are commercial-in-confidence. The increased revenues
that will arise from this contract are substantial.
4. These enhanced revenues arise because Avebury’s concentrates will be amongst the world’s
highest grade (above 20% nickel) and fit well with Jinchuan’s current expansion program
which will double its nickel production to 150,000 tonnes of nickel metal per annum by 2008.
5. For any nickel concentrates sourced from new resources outside the limits of the 9
November 2005 resources, Jinchuan will have the first right to enter into negotiations for
securing those additional concentrates.

Cannot see why MM would change any of this , as you say guaranteed buyers and interested party to any other nickel finds

daveo1