From report:
South West Nickel-Copper-PGE Project,WA (70-100%)
During the year, Chalice executed an earn-inagreement with Venture Minerals (“Venture”,ASX: VMS), whereby Chalice may earn up toa 70% interest in the South-West Nickel-CopperProject by spending $3.7 million on explorationover 4 years (with a minimum commitment of$300,000).
How to reconcile the 70-100% with earning UP TO 70%? Just an error? My misinterpretation of what the 70-100% means?
FWIW:
1. no upramp, no downramp, just a genuine question.
2. No sentiment simply because my opinion is of no account
Ann: Annual Report to Shareholders, page-5
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Last
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