HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: Drilling companies
1
Sep 09, 2008 09:05AM
3
Sep 09, 2008 09:10AM

Sep 09, 2008 09:11AM

Sep 09, 2008 09:13AM

Sep 09, 2008 09:18AM

Nothing new with that policy.



Drilling companies often require a significant deposit or an escrow payment of the full contract amount in advance when dealing with a junior they don't have an ongoing relationship with. With ongoing clients they would ask for financial proof they can pay and monitor their receivables closely. Most drill companies get paid a mobilization fee in advance and bill weekly for drilling. Hoping that juniors will have the cash after drilling is a sure fire formula for a drilling company to go bankrupt.







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