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Gold/Mining/Energy : Canabrava Diamond -- Ignore unavailable to you. Want to Upgrade?


To: Flea who wrote (2288)7/25/2001 3:52:16 PM
From: sleuth13  Read Replies (1) | Respond to of 2402
 
This news release is the best news we could have hoped for. Kennecott stonewalled on Rocky Island for a long time because of the, "net carried clause" in the original agreement. In case of a deal with other juniors this could have cost Kennecott some major bucks in payment to CNB/PVF. This deal limiting the amount that they can receive negotiated by the three partners only shows me that Rory and others involved in CNB/PVF must be so sure of what we have in Rocky Island Lake, that they are willing to give back a lot to Kennecott to get Rory back in charge of the operation. I think we have just rounded the corner, and although there still might be months of waiting ahead, from this point on we will see the agressive exploration begin that we never got from Kennecott. Also Rory now controls future news releases, and from what I have heard about the mans honesty, and integrity, I think he will be up front with us. Bear in mind though that this business still requires a certain degree of secrecy, and where it is not in the interest of the either CNB/PVF no one should fault him for keeping certain aspects of future exploration confidential. All in all boys and girls I think that today is the start of something that eventually should make us all very happy.