100% Agree Tiger! Heres a comparison of what NMT garnered....

100% Agree Tiger!
Heres a comparison of what NMT garnered. Giving away greater than 40% company equity to insure business survival and growth:

28 January 2016
Lithium offtake arrangements expanded at Mt Marion Project
Neometals Ltd (ASX: NMT) (“Neometals”) and Mineral Resources Limited (ASX: MIN)
(“MIN”) refer to their announcement dated 28 September 2015 regarding financial close of
the Mt Marion Project Offtake and Equity Investment with China’s leading lithium
producer, Ganfeng Lithium Co., Ltd (“Ganfeng”).
Under the initial offtake arrangements between Ganfeng and the project vehicle, Reed
Industrial Minerals Pty Ltd (“RIM”), Ganfeng agreed to take-or-pay 100% of the 6% Li2O,
chemical grade spodumene concentrate produced from the Mt Marion Project.
Metallurgical test work has identified an additional spodumene product can be generated
through the addition of a flotation circuit to the current beneficiation plant. Neometals and
MIN are pleased to advise that Ganfeng has agreed to expand the scope of the offtake
arrangements to take-or-pay an additional 80,000 tpa of spodumene concentrate of
between 4% and 6% Li2O content, generated by flotation at agreed discounts to the market
prices for the 6% Li2O product.
The expansion remains conditional on RIM and MIN (via its wholly owned subsidiary,
Process Minerals International Pty Ltd) agreeing and finalising the necessary variations to
the Mining Services Agreement to cover the production of the lower grade product, which
will include the addition of a flotation plant at the Mt Marion Project. The variation will be
concluded on completion of a detailed metallurgical test program currently being
undertaken.

3 February 2016
Mt Marion Lithium Project Offtake and Equity Investment
Amendment to options terms of the Share Sale, Subscription and Option Agreement
Neometals Ltd (ASX: NMT) (“Neometals”) and Mineral Resources Limited (ASX: MIN)
(“MIN”) refer to their announcement dated 28 September 2015 regarding financial close of
the Mt Marion Project Offtake and Equity Investment with China’s leading lithium
producer, Ganfeng Lithium Co., Ltd (“Ganfeng”).
Neometals and MIN are pleased to advise the approval of Ganfeng’s request to accelerate
the exercise of its option to acquire an additional 18.1% of Reed Industrial Minerals Pty Ltd
(”RIM”) from Neometals, taking its shareholding in RIM to 43.1%.
Neometals will receive US$27.15 million from the exercise of the option. Financial close is
expected to occur within ten business days. The board of Neometals is finalising its
approach with respect to capital management having regards to its future strategic needs
and outlook, and anticipates being in a position to better inform the market following
financial close.
This will result in the joint venturers’ equity interests being Ganfeng 43.1%, Process
Minerals International Pty Ltd, MIN’s wholly owned subsidiary (“PMI”) 30% and Neometals
26.9%.
PMI continues to have a call option to acquire an additional 13.1% of RIM from Neometals
at the price per share paid by Ganfeng on the exercise of the option above, to take PMI’s
shareholding to a maximum of 43.1%. The expiry date of PMI’s call option is linked to
certain milestones at the Mt Marion Project, expected to be achieved in Q4 of 2016. To
preserve the intent of the original arrangements while allowing Ganfeng to acquire 18.1%
on an accelerated basis, Ganfeng will have the right to acquire shares that PMI does not
acquire on exercise of the call option, up to a maximum holding of 49%.
If PMI exercises the call option, the range of potential outcomes for the joint venturers’
equity interests are:
• Neometals: between 13.8% and 26.9%
• Ganfeng: between 43.1% and 49%, and
• PMI: between 30% and 43.1%.
Again to preserve the intent of the original arrangements, PMI will continue have rights to
sell down its existing interest. These include a put option granted by Neometals in favour of
PMI over 7.24% of RIM, exercisable only if PMI does not exercise its call option (and at the
same price per share and within the same timeframe as the call option).

Lets wait for @SuperNinja and others to explain the benefits of the cash payments and percentages. On top of the positives of processing plant JV's.

I think this a great first BOA.
Limited dilution with extra business growth and cash committments.
Hats off to Ken. Great Announcement!
Were set for a Very exciting few months!!