REX DIAMOND MINING TSE:RXD Message Board

STOCKTALK

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 : REX DIAMOND MINING TSE:RXD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: PHILLIP FLOTOW who wrote (2460)	7/24/2000 7:18:08 PM
From: George J. Tromp	Read Replies (2) of 2522

agreement allows for De Beers to earn 60% in the project, on a non- dilutive basis to Rex, by spending US$24m or by producing a bankable feasibility study over five years. The agreement further allows for the full exchange of data and geological information Thanks Phil for the alert, it would appear this is a very good deal for REX considering the size of the allocation, 24Mil, non dilutive to current shareholders, and DeBeers gains marketing rights. It as well encompasses around 10% of the total claim block. A bankable feasibility equates to about 20Mil or so in capital expenditures. Looks like a nice deal Regards George

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next