Based on prospectus 8AU is looking good. Some of attractive points for me:
- gold, nickel sulphide and platinum group elements (PGE’s)
- Five good stage projects in proven area
- Valuation is good with unit price of 20c
- Options will be 20c or 30c exercise with minimum of 12 months escrow period
- Strong management team and backed by Bryan Frost
I am not able to exactly figure what portion of existing shares are under escrow. Is it 100% of existing ? Has anyone insight on escrow?
8AU IPO, page-22
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