old savage resources history

i really like the board of this company. the stock is a bit unloved an unknown , but has fanatastic potential

http://www.paradigmmetals.com.au/IRM/content/investor_directorbio.html

was just reading this on how wmc treated savage ,
savage won in court :), .

Ernest Henry Copper Gold Discovery
In 1987, WMC geophysicists in NW Queensland walked over what appeared to be a significant electromagnetic anomaly. With 50% of the anomaly lying on an adjacent tenement, WMC approached the owners of the neighbouring tenement, Savage Resources, and formed a joint venture for exploration and development.

Savage Resources consisted of three Sydney accountants who invested their time into these exploration tenements in Queensland. Savage were not made aware of the electromagnetic anomaly at the Joint Venture meetings.

At the signing of the Joint Venture agreement, WMC quickly drilled the anomaly and discovered a $400M Cu-Au deposit, now known as Ernest Henry.

Despite their junior role in the relationship, Savage quickly became suspicious of WMC's instant success at the boundary of the tenements, and took WMC to court. The courts, for whatever reason, leaned in favour of Savage Resources and they were awarded 100% of the whole deposit. WMC had failed to provide and honest and accurate assessment of work completed over the boundary of another companies' tenements.

But despite WMC''s misdemeanors, history should not forget that without the exceptional exploration skills of WMC, Ernest Henry would to this day, be an unknown name in a dusty corner of Australia''s vast outback.