MORRO BAY RESOURCES LTD V.MRB

Penoles project

[picasso1]

The hindrance is the 51% ownership (with an earn in up to 65% with cash and stock and drilling activity). The land is strategically located but investors like resource at least 90% owned. A fair bit of cash was spent by Sierra madre on the property already so it is not like they are starting cold.

[Sophia123]

Hiya picasso1 !!!!! I hope you are having the BEST day!!!!! What 51% ownership??? Morro Bay Resources Ltd doez not even own ANY percent of Penoles project. They gotta spend $750k on Penoles project just to get the option to earn 51%!!!! And to geto only 65% TOTAL they