Fabled Silver Gold Corp V.FCO

RE:RE:Hedging the bet

[BearBull007]

BearBull007 wrote:

88guy88 wrote: the only reason the management even looked at copper was because "rockit" contacted Peter with a heads up....with copper being $4 they finally realized that its probably a good idea to look into it if the silver play does not pan out they way they anticipate....it kinda diversifies the plays and if the silver holes come back soso....then they can always pitch the copper play

the big question that nobody is asking....why would the owner of the copper play which is really hot sector now renegotiate option terms in favor of FCO......they hold a winning hand....why would they fold?

I'm not sure the owner of the copper property folded. According to their website, FCO is an acquisition & exploration company so their main focus is drilling and engineering studies to determine resource estimates, they are not miners as far as I can see. So it's very likely that the copper property will be spun out to a miner. The copper property owner stands to earn royalties, NSR, from the mininig IMHO.

It seems the copper property owner will earn less from the land sale but more from the 2% NSR when a miner enters into production. IMHO.