quote:
Originally posted by BJ:
Why is this the last chance, trying to spend some money before the end of day....HEEELLLPPP , why is this a good investment
BJ
As announced by DFLR in our press release of November 18, 2004, DFLR was in the process of completing its due diligence for the acquisition of the mining concession rights to mineral interests known as Sulema No. 2, El Roasario, El Curra and La Currita located in the Sierra Madre Mountains within the State of Chihuahua, Mexico.
DFLR is pleased to announce today that on the 16th day of December 2004 the Concessionaire Minera Tres DE Mayo S.A. DE C.V., a Mexican Mining Company, has delivered to DFLR and their attorneys all requested due diligence documents to include filings, representations and warranties of said concessionaire.
Further, at this date DFLR is announcing that DFLR and their attorneys have reviewed verified and approved the due diligence.
The delivery and approval of the due diligence starts a four-month option term between the Concessionaire and DFLR. According to the agreement the option term requires a deposit of $300,000.00.
Still further at this date DFLR announces the $300,000.00 deposit has been paid to the Concessionaire and DFLR is now in the four-month option term of the agreement.
Miller, R.G., geologist, and a consultant to DFLR is currently further evaluating drilling results of inferred reserves and her report will be coming forthwith.
posted