RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:OlieBollenBilly and the WisguyTXRogers wrote:
Redflame wrote: Sumitomo is in Irvine now I take it from what they say on ceo. How much up front profit will it give Sumitomo? 20, 30, 40%?
Care to take a stab where else Sumitomo has interests?
Did the folks on CEO also explain to you that it's a fair size Japanese company with various businesses? Personally, I had no idea it was dabbling in mining operations. Maybe, I'll need these enlightened folks to explain it to me in more detail.
At least you've discovered one of Sumitomo's significant "subsidiaries". That made my day.
Tx
Hi Tx, It looks to me that a lot of terrace gravel tenements will provide Novo with only 42 percent of any profits that might accrue. And Novo gave money and shares for those tenements. And I'm looking at the potential grades and wondering if Novo will every break even on the deals. Not many companies I know of that give away 58 percent of any future profits. Boggles the mind actually but to each his own.
Best,