?The owner of the mine will sell the rights to Alchemy Mines at a cost of $1,000,000… 1 answer below »

The owner of the mine will sell the rights to Alchemy Mines at a cost of $1,000,000 payable immediately. Purchase of the rights entitles Alchemy Mines to all mining rights provided mining commences within one year and continues without interruption until the entire deposit is recovered and the land restored in compliance with regulatory requirements. If mining does not commence in one year, the title to the mine reverts to the seller.





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