Welcome To the WIN!!! St. Elias Mines HUB On AGORACOM

Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE

Free
Message: Re: Reply to the Quantec Question
3
Mar 20, 2011 11:38PM
2
Mar 21, 2011 09:18AM
5
Mar 21, 2011 12:41PM

Hog, I have my presentation from the AGM, I've been trying to find this info everywhere so I can cut & paste to make it easy, but I can't find it.

Bottom Line in the AGM package under the heading "Quantec Geoscience's Titan 24 Defined" it says in the 3rd paragraph:

Development costs for Titan 24 were so expensive that Quantec sold 15% of Titan 24 technology to Barrick and 15% to Noranda recovering 100% of its development costs. Both Barrick and Noranda took payment in kind (Quantec completed surveys for them for essentially free.) Quantec now owns a 100% interest.

Hope this helps everyone.

3
Mar 21, 2011 01:42PM
5
Mar 21, 2011 01:53PM
Share
New Message
Please login to post a reply