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Message: New Royalty Arrangement LSG/FNV

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New Royalty Arrangement LSG/FNV

posted on Feb 09, 12 07:06PM (Log in to use the IP Check tool) ^[?]

“Under terms of the royalty agreement, the Company will receive US$35 million for a 2.25% NSR royalty on production from the Company's Timmins West Complex. The Timmins West Complex includes the Company's Timmins and Thunder Creek deposits (collectively the Timmins West Mine), the 144 property, the Thorne property (Gold River Trend) as well as a number of wholly owned and joint venture claims on the west side of Timmins, Ontario.”

What is our One Hole, “Not Materiel” or “Big Strike”. Someday we’ll know our (PRB) potential here. IMO, I think we hit big and LSG withholding for the time being, but why?

Cheers, Mark

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