6 weeks for Due Diligence on the project, so until then they haven't yet acquired, hence some of the sell off as RMX can still walk away. This is the risk that many will be waiting first to be confirmed with RMX triggering the first buy in option before buying in.
Great deal for RMX and management looking out for Shareholders, contrary to what some minority of holders here believe.
Five Earn-in milestones, with the first at $250,000 for 20% which RMX will decide to activate in 6 weeks time.
Perfect deal and a great area for Cobalt.
This could be huge for RMX, Cobalt grades between 1.6% and 2.9%
Add on the Red Valley Drilling of lithium to start soon.
Pieces of the puzzle being put together nicely.
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Ann: Red Mountain signs term sheet for Mokabe-Kasiri Project, page-59
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