Right Of First Refusal

Is the 'right of first refusal' to supply Sprott Asset Management with mine production from the La Ronge Gold Project just a sweet, kissy-faced deal between bearded men and city-slickers?

Sept. 2, 2010 News Release

"By Rob Kirby

A couple of weeks ago, I pitched an idea to some associates of mine who are involved in SERIOUS [tonnage] PRECIOUS METALS procurement – physical metal only – let’s just say HUGE money. I asked them if they would be interested in purchasing an “option” – cash up front - for the exclusive rights [first right of refusal on off-take] of a gold producer [miner] for a set number of ounces for 3 – 5 years “at the market” – using LBMA pricing [a.m. / p.m. fixes] in the future. The answer I got back from my associates was “show us a terms sheet, we definitely have interest”."

source: http://news.goldseek.com/GoldSeek/1286223866.php

-F6