"The wording of BB's MD contract seems to play this carefully by mainly focussing on copper (i.e. around the $0.05 options), or have I missunderstood this?"
Yes, I did quickly look through the wording to see if it mentioned anything about Cobalt.. none that I could see. In particular because I saw the copper mentioned.
I did not read too much into this as the assay's need to come back to get a better idea of what cobalt can be confidently extracted. That was my read, anyway.
Ann: APPOINTMENT OF NEW MANAGING DIRECTOR, page-84
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