DMN datamotion asia pacific limited

oro as a operator

  1. 601 Posts.
    On 15 December 2010 Datamotion Asia Pacific Limited (DMN), via its wholly owned subsidiary, Universal Rare Earths Pty Ltd (URE) farm-in to earn 70% interest in the Mt Barrett Project and Oroya will dilute to a 30% free-carried
    interest to a Decision to Mine. DMN fulfilled its option period requirement by Oroya contributing $300,000 to the exploration expenditure and began its earning
    phase for the 70% interest.

    >>>>>>The Joint Venture Operating Committee has appointed Oroya as the operator of the project. A pre-drilling gravity survey is proposed prior to rig mobilisation in
    the first quarter of 2011. The total budget for this program including drilling is $450,000.<<<<<<

    and all this time some people thought DMN was an operator! so why would some people blame the management?
 
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