Mr lawn mower..

I was just ciphering on your posting on News wire and wonder why Barrick would sell its holdings in the Geraldton area...??

I look at this part of the NR..

Premier to acquire Barrick's interest in Geraldton district

    Shares Issued: 69,348,742

    THUNDER BAY, Oct. 22 /CNW/ - PREMIER GOLD MINES LIMITED (TSX:PG) is very
pleased to announce that it has entered into a definitive purchase agreement
with Lac Properties Inc. ("Lac"), a wholly-owned subsidiary of BARRICK GOLD
CORPORATION (TSX, NYSE:ABX), to acquire, among other things, Lac's interest in
all of the mining claims commonly known as the Geraldton, Ozone Creek and Eva
Summers properties located in the Geraldton district in the Province of
Ontario (collectively the "G-L Property"), together with certain equipment and
other assets related thereto (the "Purchased Assets").
    The G-L Property is host to several past-producing mines which
collectively produced more than 2.0 Million ounces of gold from the same
deposits to relatively shallow depths of approximately 2000 feet (600 metres)
from 1938-1968. The mined zones remained wide open at depth at the time mining
ceased.
    In consideration for Lac's interest in the Purchased Assets, Premier will
(i) issue to Lac 500,000 common shares of Premier, (ii) make a cash payment to
Lac of $1,000,000, (iii) deposit $1,000,000 in an environmental reclamation
trust fund in the connection with G-L Property, (iv) grant to Lac a 3.0% net
smelter return royalty (the "NSR Royalty") on production from the G-L
Property, and (v) assume certain liabilities and obligations of Lac in respect
of the Purchased Assets. The claims subject to the NSR Royalty including on
the Little Long Lac claims which are currently held under option by Premier
(This results in a reduction from the current 5% NSR payable on the Little
Long Lac claims).


I see that they kept the NSR of 3%...which is right off the top of ANY gold
 found on those claims for ever....

I believe that Barrick is divesting the Premier property to go after 
bigger fish...ie...KXL and may have something to do with conflict of interests in the 
aquisition of area play terms with KXL..
The NSR would not come under these conflict arrangements,in my mind anyway..
Now this is something to finger out..
HHHhhhmmmmmmmmm......?????
Portee