OTCPK:NOXOF - Post by User
Post by
LakeErieon Jul 06, 2010 9:36am
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Post# 17246299
$20,000,000.00 in 3 Years !!!!
$20,000,000.00 in 3 Years !!!!Incurring expenditures of C$20 million over three years, of which C$5.0 million is a firm commitment to be spent in the first year; -- completing an updated NI 43-101 compliant mineral resource estimate; -- making a resource payment equal to the sum of C$30 (or C$40 if the price of gold is then above US$1,560) multiplied by 50% of the number of total gold ounces in the Measured and Indicated resource categories plus C$20 (or C$30 if the price of gold is then above US$1,560) multiplied by 50% of the number of total gold ounces in the Inferred resource category.
WOW !!!!!!!!!!!!!!