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Strategies & Market Trends : Beat The Street With SI Traders

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To: kidl who wrote (91725)12/18/2011 8:47:08 AM
From: hank20101 Recommendation  Read Replies (2) of 233882
 
I am not so sure things are that different in Canada re claims. Friend of mine did years of work and brought claim to lease in Ontario, optioned the property to a junior (Champion Bear), who insisted the lease be transferred to their name with an agreement that the lease be returned to the prospector if option was dropped. Champion Bear missed the lease payment. Ontario government said "so sad, too bad, nothing you can do". another prospector re-staked the property. Champion Bear said "sue us".

While I have heard that one can get extensions of time to file work on claims in Ontario, if you wait until they have lapsed they are open to staking, and if someone else stakes them in the meantime ????

Ontario has work requirements rather than fee to government, and work has to be filed in an acceptable format etc., then it becomes public. that is a better system as it avoids duplication of work and builds a database of geological info.
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