I sincerely hope we did not lose the Carmi property. That property alone has a very valuable resource and another property or two of ours is very close by if not adjoining it. Its absurd if we did, that property alone was worth more than the current sp!From last Augusts presentartion;
Hi Ho can acquire 49% interest, subject to 1.5% NSR, in consideration of $750,000, 3,500,000 shares
and a further payment if Hi Ho subsequently sells Property to third party.
Property covers porphyry style molybdenum deposit initially tested with 221 drill holes totalling approx.
Three mineralized zones identified to date – two open pit and third undergound high-grade zone.
43-101 report calculates indicated resource of 12,905,853t @ 0.096% MoS2 and Inferred 27,385,238t @
2
imo
