The EUR and CRML announcements emphasise binding heads of agreement in the acquisition - not the customary heads of agreement..
Yet CRML states: "Critical Metals Corp’s assessment and estimates of the Tanbreez Project to date have been limited. Critical Metals Corp’s assessment of these assets may not reveal all existing or potential problems, nor will it permit it to become familiar enough with the properties to assess fully their capabilities and deficiencies."
IMO, one existing problem is that what they would be mining is eudialyte, whose extraction methods do not exist commercially and are totally unlike those that the Saudis are offering for Wolfsberg products.
Do I understand things correctly? CRML is bound to go ahead with its purchase of Tanbreez. Yet, extraordinarily, CRML is buying the mine sight unseen.
I wouldn't buy a motor car sight unseen, let alone a mine.
Perhaps I am wrong, and TS or Wanke have been to Greenland? I hope so.
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- Ann: Critical Metals Corp to Acquire Tanbreez Rare Earth Asset
Ann: Critical Metals Corp to Acquire Tanbreez Rare Earth Asset, page-40
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