Risk and valuation analysis of the Big Easy Project |
Status Risk : Green exploration |
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Title(s) of the Big Easy Project |
| Silver Spruce Resources Inc. Option: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The property was optioned from prospectors Alex Turpin and Colin Kendall. The option agreement, to earn a 100% interest subject to a 3% NSR with a 1.5% buyback for $1.5M, is a total of $110,000 plus 1.6 M shares over three years. A yearly advance royalty payment of $20,000 per year, deducted from future NSR payments, is payable from the 4th anniversary on. |
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Location of the Big Easy Project |
The 121 claim (30 km2) property is located near Thorburn Lake in east-central Newfoundland.
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