The way I read it, Pio gets 500k for giving away a 20 percent share in Acra. If exploration goes well, NST can acquire a further 55 percent for $3 million. Leaving Pio owning 25 percent.
Could be giving away 75 percent of a gold mine for $3.5M.
But better to have 25 percent of something good than 100 percent of land producing nothing.
PIO Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
