Exall Resources/Glimmer Resources Message Board

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Gold/Mining/Energy : Exall Resources/Glimmer Resources

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To: James N. Wilson who wrote (467)	1/29/1998 7:56:00 AM
From: Mayer Tchelebon	Read Replies (1) of 1319

According to a Financial Post article this morning (page 7), the two companies seem to disagree on what the judge meant. GME's interpretation is that the fees in question (about $4 million) can only be calculated on the basis of the actual costs of running the mine, not at the 15% rate charged by Exall. The article also says that "both companies insist their calculations show they own more than 50% of the mine". Mayer

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