hi CW,i was thinking about this, and re-read the Manna Deal with GL1.so today our ~ 10M shares in GL1 reflect a bit over 5% substantial holding. { half of the 13M$upfront payment )and additional 20M$ To come. Depending on resource and the intial production target so now everyone correct me if I’m wrong:however I was recalling a 20% remainder in the lithium interest. So GL1 gets something in between 50-80% of the actual lithium in the ground. does this mean - that we still own 20% of the entire defined resource that is now Drilles and researched at 0 cost to us?so as an example, the overall lithium there might be worth 1billion$. $ ( just an example right ) that would give us ownership of an additional 200M$ 20% as we only gave away 80% right now which mean we are still a lithium player. Especially what happens if GL1 gets taken over, yea we get our 5% shares payed off but we might maintain the 20% worth of LI resource. or spin it off at an premium. In case of GL1 take over - if GL1 produces every dollar sales revenue from L1 should bring 20 cents into our pockets … or how can I picture the 20% remainder in the lithium resource , which means we are still a LI player, just don’t do anything for it then wait…. Can someone clarify?
BRB Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
