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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: zoo york who wrote (24858)	1/18/2005 4:11:36 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 312267

Hello Coach, Thanks for reply. I read the release 2 times. "The plant is presently operating at about 300 tonnes per day on feed from the Cuchara and Alacran Mines. The assets in this second agreement are presently under lease by a private Mexican company, and IMPACT has an option to purchase all the Mexican company's lease rights to the assets for US$500,000. The lease rights expire in 2014, but may be extended" What I would like to know is the terms of the lease that covers the 300 tpd plant. What you have above are the terms to of the option to purchase that lease. This info is critical to evaluate the quality of the deal.