GREY:JNRRF - Post by User
Comment by
megphion Oct 31, 2003 8:44pm
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Post# 6589391
RE: What Next....
RE: What Next....maxT, why do you bother following JNR if all it seems to do is aggrevate you? Life is too short.
You are incorrect, or better yet, failed to mention that Kennecott would have had to spend another $100,000,000 (that is not a mistake, 9 figures) to gain an additional 5% of Moore Lake they didn't already own. I agree that the drill results, in of themselves, may not have been worth spending $100,000,000 for an extra 5%, but they were definitely worthy of a $4,400,000 joint venture.
As for the PP, I can guarantee that it will be more than $100,000. Your missing an additional zero at the end of that figure. The $100,000 will only be IUC's portion.