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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: rdww who wrote (41861)6/5/2007 10:35:47 AM
From: E. Charters  Respond to of 78419
 
The problem with their deal is that they let the other companies retain a carried 25% interest for a little bit of work. Should never let a carried interest be retained for preliminary exploration, as without at least a buyout only PFN or Anglo would finance it from now on. A junior might tackle it, if the remaining 25% could be dealt on. It is a bit high for anything that requires major expenditure to get into production.