Sorry, not too sure what happened last post.
D, just to clarify...
BHP can TAKE BACK 80% if they agree to pay for the pre-feasibility study as well as a mining feasibiity.
But AIM still have some obligations too including:
- Stage 2 - Drill 5,000 m and spend min of $750K
- Stage 3 - Drill 10,000 m detailed program and spend min of $1.5mil
Also worth noting only once Stage 3 is complete, and only at this time BHP have the option to claw it back by 80%. If they choose not to, they lose their claw back rights and simply retain 2% in royalties.
Cheers
Wilf
mumbwa jv but bhp can claw back, page-6
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AIM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
34.5¢ |
Change
0.005(1.47%) |
Mkt cap ! $72.04M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 34.5¢ | 33.5¢ | $33.41K | 97.68K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13623 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.5¢ | 95973 | 1 |
View Market Depth
| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| AIM (ASX) Chart |