1MC 20.0% 0.3¢ morella corporation limited

Sun111, Mt Webber is 30% AJM 70% AGO. There is another deposit...

  1. 333 Posts.
    Sun111,

    Mt Webber is 30% AJM 70% AGO. There is another deposit next door from the Mt Webber tenement call Daltons which Haoma Mining (HAO) owned before AGO brought them out. So basically AGO has combined the two projects (Mt Webber & Daltons) as one, therefore AJM's share of the two projects is 16%. Confusing when I first looked at it aswell.

    The above explanation is what Reiver was referring to in the post prior to yours (paying approx $30 million for the buy out of Daltons).

    Hope that helps!
 
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