RE: RE: A little more DD...The company info on their deal with the Muping Group is confusing. In one paragraph they state that this Daehdong group will be mining at no cost to the company and then in the next paragraph they are paying them $11.50 per tonne to compensate them for mining costs and also giving Daehdong another 25% of the profits.
Heckler also mentioned that there were smelting costs as well but I never saw that in the documents.
Also, that advance (payoff?) of $1.5 million to the member of the Muping group is fairly significant; it shows up in the company financials but nowhere in any news releases. Considering that the company had to issue 30,000,000 shares to make that payment, you'd think they might have made it part of the announcement.