GREY:ECCMF - Post by User
Comment by
MartinGon Nov 08, 2010 2:40pm
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Post# 17675223
RE: RE: RE: Come On EMI Get Mitt and Get In The Ga
RE: RE: RE: Come On EMI Get Mitt and Get In The Ga
Are you for real FUbasher? Are you compairing SP price between 2 companies how is that relevant LOL.
One company could have 2 billion shares and trading at 1 CAD, the other could have 2 million shares and trading at 1 CAD, are they worth the same in your eyes just because the SP is the same. You go to be kidding me :-)
Back to the facts.
Today they only have a contract saying that IF they fulfill their obligations of below (from NR) they will earn 75% in 3 years.
The Agreement provides Electric Metals with the option to earn a 75% interest in the Chuchinka property by paying Montoro $240,000, issuing 700,000 common shares of Electric Metals to Montoro and incurring $425,000 in exploration expenditures over three years. The property is subject to a 2% Net Smelter Return royalty, 1% of which can be bought back for $1M. A finder’s fee will be paid in accordance with regulatory policy.
Good luck to all, not sure why I am being jumped when seting the facts straight