BMO 0.00% 0.6¢ bastion minerals limited

Ann: Transformational Canadian Lithium Portfolio & Royalties, page-4

  1. 16,653 Posts.
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    I am having trouble getting my head around the size of this deal ;

    -Bastion has the right to acquire 130 mining properties in Quebec and Ontario representing more than 11,200 mining cell claims across more than 2,250 square kilometres

    -53 lithium properties with Net Smelter Royalties (NSR) and contracted agreements located in all the major lithium camps in Ontario

    -The average NSR across the optioned projects is 1.55%, of which an average of 0.63% of the royalty can be purchased from Bastion for a combined total of up to C$46,750,000

    -BSO can receive cash inflows from outstanding cash option payments over the term of these contracted lithium sale agreements up to approximately C$4,900,000 (~A$5,400,000)


    Al this for $6m MC ????????????????

    What am i missing

    This should be 30 cents on this announcement $30m MC

    potential mega bagger right here.
    Last edited by tin_shed_trader: 05/12/22
 
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