The future of Troy Resources, page-67

Justis, besides the company, what do you think will happen to TRGI?

Owes 18m to the GoG. But in case of a liquidation the assets must be offered first to the GoG. If they decline TRGI may sell to anyone. All assets not sold will become property of the GoG. There might also be destruction costs involved TRGI would have to pay.

Now the interesting thing will be that GoG demands $18m. The list in the mineral agreement values the ball mill alone at $7m, so more assets in total than $18m. Will look very bad when the GoG declines to buy the assets at fair value, what ever that may be, but still demands the royalty payments.