The terms to Strikeline are very generous.
If TAR exercises the option they need to pay:
- 40m TAR shares
- $400k (JORC at 150,000t Cu)
- $500k (positive Bankable Feasibility Study)
- $500k (commercial production)
- AND 1% net smelter royalty
We think we have a lot at stake... Thomas stands to make $10’s of millions here. Can you imagine that feeling? The nervousness and anticipation. Never have a seen a situation where the CEO has so much skin in the game. Directors, yes, but not CEOs. When he says that he is “excited” in the videos...he must be EXCITED!
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