|The previous link states |
"the Company’s main asset is its option to purchase a Net Smelter Royalty (1.5%) in a historic Niobium (Nb) deposit 165 kilometres west of Timmins , Ontario."
And continues, "Canada Resources PLC holds an option to purchase a 1.5% Net Smelter Right (NSR) in the Nemegosenda Niobium property. The Nemegosenda property is located 20 km north east of Chapleau. Through extensive historic drilling and through recent test drills the Nemegosenda resource is seen as having the potential to become a significant niobium resource. The claims extend over 3,478 hectares (9,000 acres) in Chewett, Collins and McGee townships in the province of Ontario.
So Keevil traded a little Nb for a little Au? How did they acquire this option? I haven't read the financials, but would a trade show up there?