Exploring For Molybdenum, Copper and Rhenium Assets
Red Bird Property hosts a NI 43-101 indicated metal content of 118 million pounds and inferred 77 million pounds of Molybdenum. The property also hosts Rhenium, one of the most expensive metals in the world.
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Torch River Resources Ltd. > Message
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Re: NEWS - Torch River Closes Brokered Private Placement And Closes Mount Copela

Posted by: Elise on July 02, 2008 09:39AM

In response to: Re: NEWS - Torch River Clos... by Edger

It looks pretty good, from what I've seen a typical net smelter royalty ranges from 1-3% so yes it is at the higher end of the range. However, let's not forget in order for the net smelter royalty to be of any significance, Torch will have to be producing! I doubt anyone is going to be complaining about 2.75 off the top at that point.

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Executive Address
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Dr. Bill Pfaffenberger
President and CEO
May 22, 2008

Bill Pfaffenberger, President and CEO of Torch River Resources Provides Update On Former Producing Mount Copeland Molybdenum Property

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