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The Company's Eagle Gold Project in Yukon Canada hosts a National Instrument 43-101 compliant Reserve of 2.3 million ounces of gold.

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Message: IMO, VIT's PP Lid on Current Price Should End By Next Week

Re: PP

in response to by
posted on Dec 16, 2008 08:25PM

hey G,

i am not sure i am seeing what you are seeing but i love when you dig around the paperwork and i know you enjoy it too.

but what i get out of it is:

1. the report by MDA, clearly states

"No resources have been estimated for this report."
-so they are not claiming any gold numbers, 500,000 or otherwise

2. we don't have a positive economic feasibility report

"delivery of a positive feasibility study for a minimum of 500,000 ounces of gold resources. Upon delivery of such a study Newmont must make a decision with respect to the back-in within 90 days or the back-in right terminates. "

based on these two points i don't think that Newmont will be forced to back in within 90 days.
-
could they back in soon? sure they could but not be forced to do so


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