re: azr uranium / pdn Good post and a timely reminder that there are more irons (sorry) in the fire than one might have first thought.
No where near as much was known about the Langer Heinrich uranium project in Namibia, southern Africa when AZR sold it to PDN. Hence the sale price of $15,000 but with the kicker in the royalty.
Royalties do not lapse after two years.
A royalty being net of any costs are very lucrative.
Junior miners just do not have the cash resources to pursue everything and have to make choices. Farm-in and maintaining an equity with an obligation to contribute to future costs or a Royalty and nothing to pay both can make a lot of sense.
Cash flow from a Royalty can fund future exploration / development of the iron ore along with assistance from Chinese partners.
AZR
aztec resources limited
