Hey Est I think you are on the right track. With respect to a...

Hey Est I think you are on the right track.

With respect to a couple of Posters above, I now will add my Sums to the mix.
If 50,000 tonne is only 1·2% what is 100%?
I reckon that if we divide 50,000 by 1·2 and multiply by 100 we would get 4,166,666·666
Now if this represents only 80% what is 100%?
I reckon that if we divide 4,166,666·666 by 80 and multiply by 100 we would get 5,208,333·2
Is this correct?
Anyone please correct me!

I will continue my thoughts.
It appears that any cash given to SALT is dependent on:

a. US$250,000 upon completion of Due Diligence and the execution of further documentation;
b. US$250,000 upon completion of the first drilling programme,
and most importantly IMO
c. US$500,000 upon announcement of a mineral resource estimate reported in compliance with the 2012 JORC Code (collectively being the “Cash Components”)

So as I understand it, we need to pay US$500,000 cash to enable us to enter SALT's lease to carry out further exploration and drilling.
We do not know what this further exploration and drilling.expense is.
But if the drilling does not reveal the expected outcome then we quit.

As has been pointed out before on this Forum Mr Algar is from South Africa.
As mentioned before, he probably has prior knowledge of this area.
As they say " it's not what you know, it's who you know".
I reckon long termers here know enough about Mr Algar.
And to me, it is exciting that we do not know what he knows about Blesburg.
Xmas CheersnBeers
jusfinkin