Here's a mining company that has signed a joint agreement with Inco on a property in Timmins, Ontario 5km. north of Kidd Creek Mine(Falconbridge). Barrier has the right to earn Inco's posittion(100%) by spending $3mm over 4 years plus shares. Inco has the right to reacquire a 57.1429% interest after the completion of Barrier's obligations have been met by spending an additional $6mm on exploration over the next 5 years. There is a full corporate profile on the Moody's website; The address is
www.internetstockmarket.com/corpprof/b/bmi_v.html
stock is trading @ .40c per share |
