It's like this rokkett, when starting a new business you have to price low to get things selling. $4 million for Cornish Lithium to get started with Lepidico.
No royalties for 15 years.
The next licence agreement I think will be priced a lot more than $4 million and will mostly have royalties each year.
How does that sound to you?
I did exactly that when starting a new business. Priced low at first.
Ann: L-Max/LOH-Max Licensee Secures Demonstration Plant Finance, page-8
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