hi CW,i was thinking about this, and re-read the Manna Deal with GL1.so today our ~ 10M shares in GL1 reflect a bit over 5% substantial holding. { half of the 13M$upfront payment )and additional 20M$ To come. Depending on resource and the intial production target so now everyone correct me if I’m wrong:however I was recalling a 20% remainder in the lithium interest. So GL1 gets something in between 50-80% of the actual lithium in the ground. does this mean - that we still own 20% of the entire defined resource that is now Drilles and researched at 0 cost to us?so as an example, the overall lithium there might be worth 1billion$. $ ( just an example right ) that would give us ownership of an additional 200M$ 20% as we only gave away 80% right now which mean we are still a lithium player. Especially what happens if GL1 gets taken over, yea we get our 5% shares payed off but we might maintain the 20% worth of LI resource. or spin it off at an premium. In case of GL1 take over - if GL1 produces every dollar sales revenue from L1 should bring 20 cents into our pockets … or how can I picture the 20% remainder in the lithium resource , which means we are still a LI player, just don’t do anything for it then wait…. Can someone clarify?
- Forums
- ASX - By Stock
- BRB
- Ann: Lake Roe Gold Project Mineral Resource Update
Ann: Lake Roe Gold Project Mineral Resource Update, page-64
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRB (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online