RE: RE: Happy New Year..Do they still hold an interest in the Mongolian REE licence?
!Under the terms of the option agreement the company will conduct a due diligence evaluation of the ZT licence area which will involve detailed mapping, sampling and possibly an induced polarization survey. The due diligence period will expire on Jan. 15, 2010, and involves minimum expenditures by Sparton of $25,000 (U.S.). If the results of the due diligence program are positive Sparton may elect to continue with the option and earn up to a 60-per-cent interest in the ZT licence by expending a total of $1.5-million (U.S.) and making payments to Minvesco totalling $325,000 (U.S.) over a three-year period."
Regarding the Germanium assets I’m very bullish, hope we will se a tremendous valuation increase of this asset in a not to distant future. The fundamentals for Germanium is actually a lot better in the medium term then REE from a supply demand perspective.