20210126 IS TODAY A PRE-D-DAY?

DT called with a sparkle in his voice.

They (he and Michael Harrington) expect to have a solid offer for the mine of $50MM within the next week or two.  Probably net $40MM after fees & taxes, to be split between Michael and David 25/75.  David's share: $30MM.  His plan is to reinvest 10MM+ of this in Michael's high-yield investment plan (e.g., $10MM becomes $100MM in short time).  If he invests $20MM in that, he'd have $10MM to "live on" - hopefully to share a bit with me.

We'll see.

I just might be figuring out how to apply the "windfall" money in the ways I thought of way back 5-6 years ago.

Notes on David's call:

• AUWorth is the entity Michael Harrington is working with.  They are a Canadian company which is domiciled in the Caribbean somewhere.  They buy land/mines in North America.
• Michael will submit his proposal (on DT's behalf) within the next 7 days; the escrow would close no later than March 15th
• They might decide to accept Swiss Francs as payment; he mentioned also possibly Singapore (dollars?).
• DT mentioned that I could develop a "template" for high-end investors/non-profits to participate in the Timpson Foundation humanitarian efforts.
• DT was pleased that they don't require a "43-101" *  but added that Michael will be doing it anyway, as a "plan B" in case this deal should fall through.

*  43-101:

National Instrument 43-101 (the "NI 43-101" or the "NI") is a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada. This includes foreign-owned mining entities who trade on stock exchanges overseen by the Canadian Securities Administrators, even if they only trade on Over The Counter (OTC) derivatives or other instrumented securities.

Here's what Michael H sent to DT today:

MINE SPECIFICATION REQUIREMENTS January 2021 We currently have an all cash client looking to buy half-a-dozen gold and precious metal mines in North America. For your information they have recently acquired two mines in the USA. Seeking patented or unpatented mining claims for the following: 

Gold (Au) Silver (Ag) Copper (Cu) Precious Metals Iridium (Ir) Osmium (Os) Palladium (Pd) Platinum (Pt) Rhodium (Rh) Ruthenium (Ru) 

ACQUISITION CONDITIONS AND PROCEDURES

1. 1. Preferred location is North America - however will consider other countries 
2. 2. Minimum requirement is for 1,000,000 (one million) ounces of proven reserves (can be a combination of metals) 
3. 3. Buyer will own property outright 100% and will not consider BLM, 99-year lease, royalties, NSR’s, etc 
4. 4. Buyer is not seeking seller financing - purchases will be made in cash 
5. 5. A 43-101 is not required 
6. 6. Documents required are Technical Data Sheet, Drill Report, and third party proven in-ground reserves encouraged 
7. 7. Upon submission of seller’s package, buyer agrees to provide an indication within 7 (seven) business days as to whether buyer wishes to move forward with seller’s file and for a buyer’s representative site visit and additional due diligence on seller’s resource (all costs associated at buyer’s expense) 
8. 8. Buyer ideally, closes on acquisition of seller’s property within 30 days of seller’s file submission 
9. 9. Seller’s resource submissions will close March 15th 2021