Ionic- Multotec. Exclusive Distribution agreement, page-30

Cheers Alan, still would prefer all proceeds to go to Ambergate and the other mineral sands projects, even if after the event ,gold is found at Saxby.
Simple reason the $ dollar return on every dollar spent with the mineral sands projects far out ways that of Saxby IMHO.
Alan, the minerals sands are very shallow and Saxby is so deep.
To me its a young turk , who wants to prove the " world wrong ", and to hell with the additional drill money required,and the necessity to farmout the majority of the project ( should gold be found),whereas with the mineral sands its " almost instantaneous cash flow.
At least theres no prospect of litigation vis-vis the underwriters,over the failed CR, that could have been disastrous IMHO.

Raider