RE: Maudore deal terminated pay attention buddy...MAO had an unexpected deal with NOT (dependent upon EAG approval)...NOT is once again dealing directly with EAG...NOT terminated the agreement with MAO (not the other way around)
the amended option agreement is basically the the same as the original agreement IE timeline to production is back to the original 3 years ...the controversial ONE year timeline from the date that EAG earned the 75% ownership is now deleted (where that came from is still sort of a mystery as it wasnt in the original agreement )..and it had nothing to do with a bankable feasability study ..just notice to commit to commercial production.....
regardless..this amended agreement is now the binding agreement favorable to both parties NOT and EAG and it does not leave any room for controversey or misinterpretation
..all the talk about legal proceedings and arbitration etc was just B.S posted on this forum
..with the time ,effort and money invested into the Windfall deposit do you really think that EAG managemnent would not already have a plan in place to continue to add to reserves and bring this HIGH GRADE deposit into development ....and it makes sense for NOT to co-operate with EAG if they would rather have EAG take 100% ownership of Windfall so that they can focus on developing their ROF (eagle hill ) mine
this ammended agreement wasnt hatched overnight...NOT and EAG must have been discussing this already...the latest drill results (and perhaps more !) can be included into the STANTEC report to give an up to date more precise explanation of the WINDFALL DEPOSIT...which IMO will include both open pit and underground mining reserves abd rate of production !
will be lots of news coming out now in regards to resource estimates and now that the Option agreement is clarified other interested parties will be more willing to come to the table JMO
...MaxT