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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Bullboard Posts
Comment by eastofedenon May 11, 2004 12:23pm
211 Views
Post# 7469900

RE: Talked to Allen about the release

RE: Talked to Allen about the releaseImportant questions Orion. My understanding is that the 24%PP consortium was connected to the original 7 concessions. Beyond that I'm not sure concerning their involvement, but assuming that most would be insiders, I would think those folks collectively would have had a larger picture in mind from the outset, and I would not be surprised if their involvement extends to the entire SA operation. As far as MOA's participation is concerned, though I would be delighted to learn that MOA won't have to concede 50% of it's interest in Tirasano, I think that will likely be the end result. Still not a bad deal, looking strictly at Tirasano. As I understand it, at this time daily diamond output is about 20 carats, more or less half of what was projected. If Trans Hex can deliver the throughput they are indicating, daily diamond output could increase from current levels by fivefold. The math is simple. I'll take 12.5% of 100 carats anyday over 25% of 20 carats. Sound reasonable?? I welcome anyone's reply, and particularly clarification of the 24%PP position in all this.
Bullboard Posts