primary business is mineral exploration

Royalty interest in two producing mines in Flin Flon, Manitoba

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Message: First payment has been made!

In spite of  charging  $207 / tone to  mine the  ore  from the  777 Hud Bay ends up  paying   CAA  alost $3 million after   final  payment.

This  is  absurd   cost  basis   as the  industry  avg  for  underground   is in the   $65 to 70/ tone range. Seams  Hud Bay  has  been  cooking the  books for  years. Makes  me  wonder  if  Hud Bay might attract the  CRA  to  scrutinize their  books as well.

CRA  frequently   audit  companys that  end  up in  dispute because  if there is a  despute it  indicates  that  both  parties dont  trust each  other or  one  is  pulling the  wool over the  others  eyes.

If they  won't  come  clean to  each  other,  they  likely are  cooking the  books  for  tax  perposes as well..... Is  this   why   Jones   took   leave  of the  company...... the  sheit was about to  hit the  fan?

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