This is out and out manipulation. Hold tight DAM MM GAMES, you heard it here first and second! The JV was a monthly phase in with MONTHLY PENALTY PAYMENTS OR a fish and/or cut bait deal, right. A cutting off of bait would of been a material change that MUST OF BEEN NR'ed , right? They haven't RIGHT! Thus, we have a go and monthly penalty payment and we are all gunna strike as they were some 2,000 feet down, so did they get lucky, RIGHT! I wonder if my logic is faulty? WRONG!
Chuckaright-very...LOGICAL MR Spoook
P.S.- RE READ the Kennecotte Copper NEWS, Please:
jaba.com
RIGHT! rather April 29 Blurb:
Kennecott has an option to purchase the property or any part thereof on an escalating scale as follows:
Notice Date Purchase Price
Within 90 days US$250,000
Within 91-180 days US$500,000
Within 181-270 days US$750,000
Within 271-365 days US$1 million
Within Year 2 US$2 million
Within Year 3 US$3 million
Within Year 4 US$4 million
Within Year 5 US$5 million
In the event of Kennecott exercising such option JABA will be entitled to a ten percent (10%) Net Proceeds Royalty, such Royalty being capped at US$4 million. During the first year of the Agreement Kennecott will pay JABA a monthly amount of US$2,500 which sum will increase to US$5,000 per month for the remaining term. In addition Kennecott will pay JABA US$5,000 immediately and will be responsible for payment or reimbursement to JABA for all property fees and the like so long as the Agreement remains in force. Kennecott has the right to terminate the Agreement by giving formal notice of one month.
JABA feels that this agreement with Kennecott, a subsidiary of Rio Tinto, the largest mining company in the world, is indicative of the quality of its mineral targets resulting from JABA's thorough and innovative geologic exploration programs over the last several years.
JABA continues to actively seek Joint Venture partners for its other
..>> Unquote. Chuckalogic-if the deal was set up befor it was released, we are over 90 days, anyone? |
