RE:RE:How Long?Kozmo
Do not forget that alot more cash and shares followed the initial fee for the property. More importantly it just got them the right to spend a bunch of money to get an earn in of 50%. To actually buy the property they have to pay $5 million in cash lol.
Here is a question for someone to answer. Maybe I have just missed this on other peoples financials? On the enivironmental risk or cost it often appears on risk assesment in the financials. Other times it may appear under environmental but often specific. Maybe because this is California and they have been looking at ways of cleaning up old mines this is put in there to cover themselves?
So here is what it says on PHD financials!
The Company may also be held liable should environmental disturbances be discovered that were caused by former owners and operators of its properties.