There is so much misinformation here .. it is not funny!
The bulk-sampling is a MINIMUM of 150k tonnes. That is not the issue, it is the "DECISION TO MINE" that triggers the payment! So the company can forestalla decision to mine for another 12 months before needing to make this final payment.
Also Regius now has disddlysquat to do with it (sorry Davisite, I disagree with you). They have fully sold "all rights" to Mustang at the purchase time. The only other party involved is SLR Mining LDA, owned by a local Mozambiquan in accordance with Mozambique mining law.
The $1.5 mill is payed to them, the lease holder. And If MUS doesnt comply and/or decides not to mine within 18 months, the lease goes 100% to them.
This conspiracy theory is just spurious!
MUS Price at posting:
4.0¢ Sentiment: Hold Disclosure: Held
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