TSXV:MXL.H - Post by User
Post by
HotPennyStockon Jan 03, 2017 1:57pm
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Post# 25662545
MXL - January gonna be an important month for us
MXL - January gonna be an important month for us The Company’s remaining payments consist of a US$750,000 payment on or prior to December 20, 2016 and a final payment of US$750,000 on or prior to January 19, 2017, following which the Company will earn a 50% participating ownership interest and 45% net profit participating interest in the Project.
The project includes a fully permitted, 500 tonne-per-day dynamic cyanide countercurrent system plant constructed in 2013 at a cost of approximately $4.5 million, which appears to be in excellent condition. The plant is unencumbered and it is estimated that the plant can be fully operational within four to six months. Additionally, the Magistral project includes the exclusive rights to process the mineralized mill tailings.
**19th January 2017, final payment**
news on the way
we'll see
GLTA