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11/20/15

So now we know: "Mineral Bank" is just a fancy new way of saying prospect generator

Style beats substance every day:

TERMS OF THE AGREEMENT:
Under the Agreement, Peñoles may earn-in up to a 100% interest in the Properties by paying to First Mining a total of $1.5 million over five years. If Peñoles completes the acquisition of the Properties, First Mining will retain a 2% net smelter return (NSR) royalty, which may be purchased by Peñoles. All mining concession taxes and assessment work for these properties as required by law, will be paid by Peñoles.

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