a sister company, ero, went down the path of having a go at...

a sister company, ero, went down the path of having a go at alluvial gold production. ero spent about $3m buying some leases, and some equipment - and this was supposed to generate $2m per annum. in the end, the show was sold for $200,000 - plus a 10% royalty (capped at $150,000) .

any guesses as to what mxr will receive for the selheim operation????. in all fairness, giving it away, would be a good idea.

one wonders about the worth of directors, that can fork out so much for a prospect, which the market subsequently shows as being worthless.

heh - there used to be one or two posters, who would wax lyrical about selheim (and for that matter, all of mxr prospects)