If there is a big deposit spanning tenement boundaries I'd presume some sort of unification would occur. All sorts of permutations then come into play.
If Charger does have a big deposit on its land, Rio's going to find it and work through the farm-in conditions to own 75%. If there is something big, the RHS of the tenement boundary is potentially at minimum 75% Rio Tinto, 25% Charger. Most likely its 100% Rio Tinto as Charger would be either bought out or taken over.
This would mean that if there is something big on Charger's tenement extending to Target D, its a tenement boundary with one of the seriously big boy's of mining. Who knows how that would turn out. At this stage all we have is soils.
If there is a big deposit spanning tenement boundaries I'd...
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TG6 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.99M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.0¢ | $18.09K | 84.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 145427 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 29998 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| TG6 (ASX) Chart |