Re: I have been known to occasionally go back and post the "REAL FACTS"as they are
posted on
Apr 21, 2009 07:22PM
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)
JDF;
It was at or about the time of the PDAC that J.V. mentioned they UC intended to begin their focus on the East Block JV Claims and the intention was to do the Line Cutting and Gravity Geophysics in the Western portion of those East Block JV Claims with the intention to have the Interpolation completed and Drill Targets ready to be Drilled immediately following Spring Break Up, if not already being ready to start Drilling just prior to Spring Break Up. And given that Spring Break Up is about to kick into full force right about now we can expect to hear news of the commencement of Drilling any time in the next week to month!
Thus, the PP announced today, which, by the way, was not much of a surprise to any following UC's progress on ALL their Mineral Properties, in the RoF as well as in Mexico.
As for the proportions each company will hild in the FWR - SPQ/KWG JV properties, WE WENT THROUGH THAT TWICE IF NOT THREE OR MORE TIME ALREADY. Re-read the original SPQ - KWG Partnership Agreement(s). Untill either KWG or SPQ make a Public Statement on having CHANGED their Agreement, I will go by what they have made PUBLIC.
If you can prove that KWG did not pay up their proportion of the Exploration Costs on last years SPQ Operated Exploration on those FWR - SPQ/KWG JV Claim Blocks, I will accept your % break down of the Ownership Rights for each of SPQ and KWG. Othereise, I will hold to the BELIEF that both SPQ and KWG will be EQUAL Partners in that JV!
NOT that this matters to those of us securely invested in each of these Prime RoF Property Holders???
Each has the Goods, and that is GOOD for me!
Old Joe