Nora NXI on ME Message Board

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Gold/Mining/Energy : Nora NXI on ME

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To: John Stella who wrote (287)	1/14/1999 7:30:00 PM
From: gmweber	Read Replies (1) of 420

John "Keep in mind that it is Nora's affiliate Diaz Point Exploration (Pty) Ltd.who has the contractual mining rights to Otjua and Nora's affiliation with Diaz Point Exploration (Pty) Ltd. stems from its minority interest in Otjua Minerals (Pty) Ltd., who in turn holds a minority interest in Diaz Point Exploration (Pty) Ltd., who in turn is under contract with Namdeb to develop the Otjua concession." Once Nora has a 100% interest in Otjua, what would Nora's % interest be in Diaz Point Exploration. Also with 100% interest in Otjua what is Nora's actual interest in the Otjua mining rights and its % share of profits(If there ever are any) as well as what share of the development expenditures Nora would have to supply in this agreement. In simple terms what do we get for our investment and what does Namdeb get??? regards gmweber

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