I'm sure they probably do! But why not propose an earn-in JV. Spending that kind of cash to earn a long lead time royalty only on success seems silly. At least with an earn-in with their best efforts and expenditure they could obtain >20% ownership on the tenure. I maintain a vgood deal for LGM!
Ann: Strategic Exploration Alliance with AI Explorer, page-4
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Last
23.0¢ |
Change
-0.010(4.17%) |
Mkt cap ! $24.25M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 21.0¢ | $61.62K | 278.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50192 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 69727 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LGM (ASX) Chart |