The likes of Glencore would probably only buy into the project by paying for further drilling costs and development costs in return for a large percentage of ownership. This would be on a year-to-year basis paying CCZ an annual fee so they could drop out if they wanted to.
This is the situation at Anza in Colombia where Newmont and Agnico Eagle are buying into a 75% ownership of a gold prospect over 12 years - presently in year 3.
https://www.sharecast.com/news/aim-bulletin/agnico-joins-newmont-on-orosurs-anza-project-in-colombia--7660398.html
Ann: Big One - Visible Copper Mineralisation up to 34m Thick, page-68
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Last
0.4¢ |
Change
-0.001(11.1%) |
Mkt cap ! $5.198M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $18.98K | 4.746M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2585723 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1795396 | 3 |
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| CCZ (ASX) Chart |