SUM next WA1, page-269

Sandro was also smart enough to negotiate a royalty of 2% of which SUM can acquire 1% of it back for $500,000 payoff and he gets $225k payment as well upfront but he's still being hands on, literally boots on the ground at the site.

Better to have a smaller slice of a big pie that can actually be produced sooner than to sit on it unable to fund works on on your own. Sandro obviously sees there's significant potential here, obviously he's de-risked by getting some payment upfront, but they could have sold the whole thing off and moved on rather than stay, be on site and doing the hard physical work. Not many shareholders do that.