Kensington Resources Ltd. (V.KRT) * Diamond in the rough! Message Board

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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: joe minten who wrote (2731)	9/17/1998 4:13:00 PM
From: Grant Baker	Read Replies (2) of 5206

Hi Joe. Thanks for the info. If Cameco purchased Uranez's share of FALC, then I would expect that Cameco now owns the larger percentage. I don't think that it is necessary for KRT to own a portion of that 10% (or even to suggest that the 10% be split between the remaining players) since like you, I don't think that they could afford to pay for it. Cameco is not going to give up a portion of the 10% for nothing just to please their other partners! In the long run, it probably won't make much difference anyway. KRT has earned in. From here on in every partner pays their percentage of the exploration and development costs. Cameco now has to pay a higher percentage of the costs. And with one fewer partner to approve drilling plans, PR's, etc., maybe things will move faster now.... Wishful thinking, I know, but can't a guy dream a little bit? Regards. Grant.

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