This may be part of the reason as to why MPJ is running today and ORO went backwards. From MPJ's quarterly:
"MPJ will hold the right to earn a 75% participating
interest in the Talc Lake Projectby
expending a minimum of $800,000 during the initial
12 month period from signing and then
continue to solely fund Talc Lake until completion
of a Bankable Feasibility or decision to mine.
MPJ will hold the right to earn an 80% participating interest in Mt Barrett by completing all
required expenditure until completion of a Bankable
Feasibility Study. "
- So significant stakes in highly prospective leases have been sold to MPJ in return for equity in MPJ. A very defensive move by ORO in my opinion.
Any MPJ success will be reflected in ORO's share price but only by about the equity stake that they hold.
All my opinion. I could be totally wrong...again!
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This may be part of the reason as to why MPJ is running today...
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