GREY:NEVDQ - Post by User
Comment by
patchhon Apr 19, 2024 11:30pm
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Post# 35999267
RE:RE:RE:RE:Question for Blake.
RE:RE:RE:RE:Question for Blake. little disjointed..</?}}>. the jist is this MDA.. is a buyout of NCI in the work ?
this project is soo rusty w a time N a time ! that I think the project is leveraged to the hilte w 3rd parties..
theattorneys will B blowing 'snot gpoing bak on paper for over 100 years.. 80% will B at the local Stacks of City Hall.. we are dealing w land trust and legacy trust and personas on the trust that may orm ay hav not been collecting royal fees..
NCI is not a land holder of that trak.. its held in a trust w/n the personas of yearington. there aare two proncipals and they are named in the latest MDA.. they are now on record of LATE TEN.. Lion Iron Ore is the third and a share holder of the two land barrons for the minerals..
NCI is sitting on leased mineral rites. who in their moid wants to attempt to breach a trust. the leases are thru trust attorneys and in yearington probably a very short list..
that MDA reads like an annual department budget request... everything a new controller would need to baseline a project for a potential lease.
why sell the creature when U can lease for the life of mine. the setaside - bonds will B the responsibility of the mine opoerators and trustees after closure.. its a bloody nose jab into the crouch..''lease walks away w.o a legacy (permits - reports accepted by state and feds/etc) and thetrustees getting real rusty for failure to maintain the closure royaly trust and managment firms..
in the later failure to deliver by the clusure - the state simply grabs the land and abythihg walking aound w a green collar :: probably easier to do har time for a drive by shooting @ 20 years
NCI is not a buk;loader.. anaconda was THAT buketloader adn abandoned that land..
a leasor or new sotok holder is nbot going to B jazzed about poisting a 250M$ bond to oeprate.. bonds are on a underwriters approval - they do not go w the car w an expired or near term warranty...
leasing ?? whoi knos.. ther is simply way to much paper and ink on that project.. i think the prospect called for a controlled operator not a had cash sale.. probably one of ther easons payla held