SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : NPEC - take a look
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: robert heisman who wrote (5922)4/10/1997 1:11:00 PM
From: Richard Chowning   of 5988
 
I saw that post. It it good news.
I also saw the news release from MXR and the talk about whether that has any impact or meaning for NPEC. The meaning that I see is that MXR would not have exercised the option on the property if it was not extremely confident that the deal would be profitable for them. In fact, according to the release, MXR is going to be putting up money on the front end. Their exercise of the option is an even greater sign of the value of that property, than the excercising of a similar option by NPEC which will not be putting money into it until much latter.

IMHO, NPEC got the option as "reward" for service, it seems that MXR got it contingent upon put money into the project. MXR has the greater risk, and they took it. They have to be strong believers in the project. That is good information for LFNO (or whatever), NPEC and MXR (and not a few Chilean minning families who own the properties).

--- Richard
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News