RE:RE:Telluriton takes option on Melba property, Opinions?Wow you really do know a lot about the Melba property!
Canreos, I haven't heard that name in years. They were affiliated with Balmoral Mines. Malcolm Slack, Koos Skipper.
Just from memory Nordex, through Cy Ross, optioned the property in 3 stages. Canreos would make milestone payments and would conduct exploration on their own dime. Nordex retained a 15% carried interest in the property and the Hurd family would retain a royalty on every
ton produced.
Canreos really mucked the job up according to Cy Ross. They did not even drill the main conductor on the property, if you can imagine that. Despite Canreos' poor performance I do believe that Cy Ross negotiated a better deal than the current one.
I looked up 65 Berkeley St in Toronto. I appears to be the address of a rather plain, some would say ugly, looking row house project.
Does anyone know who 7247915 Canada Inc. is? They are listed on Ontario Government Claims Map Tile 1850 and their address is:
BOX 792
KIRKLAND LAKE, ON, CA
P2N 3K4
Does that address sound familiar? It should it is Nordex' head office's address. Are we now renting out space to 7247915? What is going on here?
B&D