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Gold/Mining/Energy : Winspear Resources
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To: average joe who wrote (16008)3/17/1999 7:27:00 PM
From: Walt  Read Replies (1) of 26850
 
So do you get a percentage of the diamonds and who decides which diamonds or do you get a percentage of the value of the diamonds and who decides what that value is and when, who does the apriasal or is it a percentage of the sales, if and when they sell them.
If you made a deal with a biggy they might decide to sit on the product for years. They could be apraised at a market low.
Lots of things to consider Joe if your agreement just says GOR with no details. Most GORs and NSRs I've seen take a page or two to spell out the details and protect both parties.
regards Walt
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