OTCQB:AQARF - Post by User
Post by
uranium777on Aug 20, 2012 8:25am
580 Views
Post# 20236315
Why did Hudbay DUMP Aquila?
Why did Hudbay DUMP Aquila? So it doesn't get lost too quickly: Hudbay left for what reason? Per Tom Quige to focus on their mines? If then that is the whole story why did they just enter into an agreement with Troymet for exploration? You would think they would invest in deposits that have known reserves, where they've already spent - what $34-35 million? MAYBE THAT’S’ WHY THEY LEFT….. BECAUSE THEY KNOW THIS DEPOSIT, WHERE IT’S LOCATED AND THE MAJOR ISSUES THAT MOST LIKELY WILL NEVER BE OVERCOME…..
August 14, 2012
Hudbay & Troymet Sign Joint Venture Agreement
August 14, 2012 - Troymet Exploration Corp. (TSXV:TYE) ("Troymet" or the "Company") is pleased to announce it has signed a formal joint venture agreement with ... (drum roll please)...."HudBay Minerals Inc." ………… Under the terms of the joint venture agreement, Hudbay must contribute $1,151,052 in joint venture expenditures before Troymet is required to fund its participating interest. ……..Kieran Downes, President and CEO of Troymet stated: "We are pleased to have concluded the formal joint venture agreement and look forward to advancing the property together with Hudbay (wasn’t that what Quigley wrote too).….. We also believe Hudbay is the best partner to explore and develop the project.