RE:RE:Brenbar PurchaseHi All,
I had a read of the latest PR, I have a few questions, if anyone knows the answers: The PR states
- that LME has acquired " 100% undivided working interest in the Brenbar Project"
- the Brenbar Project is contiguous with and situated to the west of, the Ishkoday Project
As they list the two separate "Projects" is it safe to assume the numbers and results that have been released previously did not include the Brenbar Project,. If they did include the numbers and did not have 100% interest, what amounts were included. Part of the agreement stated that they had to incure exploration expendatures, so they must have done something.
LME did not aquire the property, but acquired 100% undivided working interest in the Brenar Project, is there any big difference? How will this effect the evaluation. I see there are some royalties, which LME can buy out a portion of, which is another positive. , Wondering if this aquisition will end up being a small portion of the project or if we can look forward to an added bump eventually.
Not sure if anyone has these answers but curious on your take. All in all, I think another positive PR.
Thanks.