Welcome To The Douglas Lake Minerals HUB On AGORACOM

Tanzanian Mineral Properties- The Mkuvia Project - Paleo-placer Developing

Message: Re: Go Figure

Sep 04, 2009 12:31AM

Sep 05, 2009 12:08PM

Sep 05, 2009 12:17PM
Sep 10, 2009 10:51AM

Boot... I still have a substantial position (for my portfolio) and would like nothing better for DLKM to announce that either they have secured financing to put Mkuvia into production OR the have inked a deal with a JV partner that leaves a substantial chuck of the pie for DLKM. In their deal with Mr Maita...

"The Prospecting Licenses were originally granted to Mr. Mkuvia Maita and were renewed in 2009 by Mr. Maita, in his name as part of a joint venture agreement with the Company, whereby the Company acquired all rights under the prospecting licenses, including the right to enter, sample, drill and otherwise explore for minerals, subject to a 3% royalty payable to Mr. Maita on any minerals produced."

Note the he negotiated a ROYALTY ... that would be much preferable to a NSR. With mining licenses in hand DLKM has a strong negotiating position. Let us hope the management can leverage that into a GOOD deal.

Sep 13, 2009 11:23PM
New Message
Please login to post a reply