First milestone payment not triggered until FID next year.
"Develop can elect to satisfy the contingent consideration in cash, Develop fully paid ordinary shares or a combination of both. Any issue of shares under the contingent consideration is subject to Develop shareholder approval, and will be at deemed issue prices based on the 5 trading day WWAP prior to the relevant milestone being met."
Dilution? Scrip could be issued at >$5. Cash could be from off-take prepayment. Could be a combination of both.
Re-start financed by debt, which will be serviced by mining services.
Consensus indicate base metal prices are set for strong upswing. You are looking at a five-bagger in the making. Vote YES.
ESS Price at posting:
49.0¢ Sentiment: Hold Disclosure: Held
