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 : Int'l Pursuit (T.IPJ)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Abner Hosmer who wrote (559)2/11/1998 9:53:00 PM
From: Ron Everest   of 835
 
Thank you Tom for enquiring of IPJ:

<<They'd rather have the cash in hand than to take on the added risks of constructing a mine.>>

Interesting, one could conclude that IPJ would accept the 15million US for the partner's participation and vend the 40% carried interest for a further 75 million. It is feasible? Hope so.

<<Mongolia>>
Thanks for the Mongolia comment. It does appear that they have other more prospective properties ahead of Mongolia. Not that Mongolia is not prospective, just that Mahakam appears to be huge.

<<The five cow's that they have narrowed down to are Mahakem East and West, Mahekem North (Dayak), the Serigi cow, and the Sintang cow (Dayak).>>

The comment that the poryphries extend onto the Dayak Mahakem Cow and found after the DAYK takeover is revealing. Would seem that their retention of the Sintang CoW wherein the SF partially lies is another target of importance. Lets call it #6 in importance .<g>

<<They are expecting to have the signing ceremony for Mahakem East and West next week, which coincides with the scheduled signing of the Yamana cow's on the 17th. The time frame of the "2nd signing" for Mahakem North, Sintang, and Serigi is undetermined. >>

Now we are cooking! This will allow them to seriously progress on the Mahakam E&W CoWs. Just the start of a "Big Payday" as Gold Newsletter puts it.

Thanks "millions" for getting the information,

Ron E
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