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Gold/Mining/Energy : Zappa Resources ZPA vancouver

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To: morrie who wrote (351)	3/20/1998 12:23:00 AM
From: dean poets	Read Replies (1) of 3198

Zappa has one major trump card in this whole situation! Zappa has the choice if they let Cambior take us to production on Laplata. If Cambior takes us to production stage they can earn about 71% of the Laplata. If they take us to feasibility, they will only earn 61%, The big thing is Zappa has the right to say "NO". We will decide if we should let them carry on or if we get private financing to fund Zappa's portion of costs. It won't cost that much to get this property into production though, so it might be better if Zappa retains 49% of the property. Remember if Cambior proves up only 4 million tonnes, this property would have about 600 million in mineralization. It would only cost 30 million for a mill and a ramp. Dean PS I started a thread today on a company called Idaho Consolidated, that you guys might find interesting!

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