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Slam Exploration Ltd V.SXL

Alternate Symbol(s):  SLMXF

SLAM Exploration Ltd. is a Canadian junior resource company holding a portfolio of gold and base metal projects. The Company is engaged in the acquisition, exploration and development of exploration and evaluation properties in New Brunswick, Nova Scotia, and Ontario, Canada. The Company's projects include Mine Road Project, Menneval Gold Project, Ear Falls Lithium Project, Jake Lee Gold Project, Highway Gold Project, Keezhik Gold, Dam Lake Project, and others. The Mine Road Project is a significant addition to its portfolio of wholly owned BMC projects that include Goodwin, O'Hearn-Strachens, California Lake, Lower 44, LBM, North Rim, Portage, Satellite, Nine Mile, and Red Pine. The Highway project has demonstrated polymetallic potential with 10 known mineral occurrences that include zinc, silver, copper, cobalt, molybdenum and tin as well as gold. The Company holds NSR royalties on the Wedge copper zinc project, Ramsay, Reserve Creek, and Opikeigen gold projects.


TSXV:SXL - Post by User

Bullboard Posts
Post by Solveron Mar 30, 2011 3:18pm
446 Views
Post# 18362607

Umpire analysis between companies

Umpire analysis between companies
      I can't say if this is what is happening with SXL and a company XYZ,  but a situation exists where two companies are in the process of coming to some kind of agreement on ore value, and the individual lab analysis between say SLX and Co. XYZ,  are too far apart for both parties to be satisfied;  then samples are sent to a (third) accredited lab (agreed on by both sides) to perform what is called Umpire Analysis.

The samples are then run in triplicate or even more times (by the Umpire Lab), and what the Umpire's results are...... is the final say.  Then ore shipments or agreements can proceed based on the unbiased results.  Costs for Umpire analysis are generally shared 50-50 by the two contending companies, but that could also be solely incurred by either company.  Umpires are also expensive!

Solver

Bullboard Posts