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6.90% 6.2¢ hawthorn resources limited

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  1. Trees
    43,854 Posts.
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    11/01/11
    15:51
    Post #: 7717580
    Na bevter, I still do not own any shares.
    -------------------

    Just on the JV, been reading through both companies announcements on this drilling exercise; Mt Bevan.

    LCY spends min $3.5M and gets 60% of the project to PFS. I cannot find any other info on how this project gets to mine application status.


    Just a couple of Questions:
    Who pays what after PFS?
    Is it a 60/40 split?
    -----------------------

    I reckon LCY got a bargain if it all comes to a head (production).

    Thanks for any replies
    HAW Price at posting: 14.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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