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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold) -- Ignore unavailable to you. Want to Upgrade?


To: WillP who wrote (212)2/6/2002 8:46:14 PM
From: Valuepro  Read Replies (1) | Respond to of 613
 
Will, Vaughn, nice exchange. Thanks. Will, "Uh, cash flow, you mean? There are royalties and taxes to be considered.
"

FWIW, only part of the claims are subject to royalties and overriding interest. I belive that's 1 + 5% at Freightrain, but I think most of the other claims are without these obligations. At least the company PR's don't mention this for the additional ground that's been staked. BTW, I agree it's going to take some big values at 20 cht to make a go of this. The only reason I'm in this play is I believe JI includes the very real prospect for larger stones and/or high stone values. For discussion purposes, one might also estimate that the grade below the crater facies as 20% less.