EGR 0.00% 11.5¢ ecograf limited

Ann: AngloGold Ashanti US$9m Gold Agreement, page-3

  1. 352 Posts.
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    in nut shell, what does it mean ?
    egr gets 9 mil free during exploration 5 year period and
    if gold is found, then gets 30% free share in a future gold mine, subject to investment. I may be wrong, just my understanding. DYOR.
    nice and juicy cash flow. All in my opinionl
 
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