On 15 December 2010 Datamotion Asia Pacific Limited (DMN), via its wholly owned subsidiary, Universal Rare Earths Pty Ltd (URE) farm-in to earn 70% interest in the Mt Barrett Project and Oroya will dilute to a 30% free-carried interest to a Decision to Mine. DMN fulfilled its option period requirement by Oroya contributing $300,000 to the exploration expenditure and began its earning phase for the 70% interest.
>>>>>>The Joint Venture Operating Committee has appointed Oroya as the operator of the project. A pre-drilling gravity survey is proposed prior to rig mobilisation in the first quarter of 2011. The total budget for this program including drilling is $450,000.<<<<<<
and all this time some people thought DMN was an operator! so why would some people blame the management?
DMN Price at posting:
0.3¢ Sentiment: ST Buy Disclosure: Held
