OTCPK:MEAOD - Post by User
Comment by
JRaffleson Sep 17, 2011 10:46am
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Post# 19053776
RE: RE: i don't know about screw up
RE: RE: i don't know about screw up
. I would gladly change my shares for gold @ US$ 500.00 for mine life.
The deal was $20m cash receipt by Metanor, which is non returnable to SSL. The quid pro quo is 20% of gold output.
The $500 ounce payable to SSL is an irrelevance - this is simply the budgeted cash cost per ounce, so that Metanor's future production cost statistics are not distorted by including cost of SSL's 20% ounces with Metanors own 80% of production ounces.