Sorry but this is how I think it will happen, I have simplified the above - which I have read several times in the release and there is nothing to say the process cant be completed in 12 months.
The 3 years and 15 years are there in case Hanrine sat and did nothing, but they already started drilling in November.
10km +15km = 25km or $8M + 12m = $20m + $1m to TTM = 51%, This part less than 12 months, I think they will deploy 10+ drills and knock that off quick smart. Could it be done in 8 months of drilling?
A decision to mine = 80% this part a few weeks if the drill results are really good, I guess that decision will need to be backed up with a mine plan that would take 4 - 6 months so maybe 6 months into the drilling they start developing a mine plan.
This is the difference between Private Equity and so called professional managers tied down by ASX listing rules and lack of funds. At most 13 months from November 2024 means December this year 2025 we could be looking for our 20% of funding to mine Linderos.
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