Ann: Mincor Advances Gold Strategy-MCR.AX, page-4

EL,

yes - the royalties related to the acquisition of dirt from various parties.....

http://www.google.com.au/url?sa=t&r...Uk9D0xExvOb6bQDwWohWog&bvm=bv.123325700,d.dGY


the following gives some background:

http://www.rameliusresources.com.au...s/20060526_investor_presentation_may_2006.pdf


http://www.google.com.au/url?sa=t&r...kCrfnLgKwWOmqtGKnDk_Hg&bvm=bv.123325700,d.dGY

http://www.google.com.au/url?sa=t&r...1tFp4qZLskO6YmPBP0fm5A&bvm=bv.123325700,d.dGY


still a "reasonable" result without actually drilling a hole !!!!!!!!!!!!!!!!!!!!!!

if you go throu the DMP report - the gold was "known" back in 2002/03 ......

there is "plenty" more to be found methinks .....

using 40-50$ Oz for "resources" is typical .......

focus - had (or did) a plant .....
rgds

V_H