apart from the US$2M acquisition cost, it appears to be a very good deal because there is no dilution & only payments upon discovery
am i reading the below right? Cobalt is now US$80,000 per tonne. 250,000 tonnes x $80K is $20 billion times 60% share equals $12B. So TAR will pay $20M for $12B or 0.166% in-situ
chasing elephants
TAR will make a final payment of US$20,000,000 for each project where it discovers resources in the Measured and Indicated categories exceeding 250,000 tonnes of contained cobalt OR 1,000,000 tonnes of contained copper at the conclusion of the BFS
Ann: ACQUISITION OF HIGH GRADE COBALT-COPPER PROJECTS IN THE DRC, page-5
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