Ann: Exceptional Grades continue at Tintic, page-13

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01/02/23

22:08

Post #: 66017392
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Originally posted by AX-E: ↑

I can assure you I have read the earn-in agreement terms. FYI - Riedel would be cents away from (if not already) satisfying the required stage 1 earn-in of $5m to earn 51% interest. Most of which went into the ground to generate the high-grade results we have received to date.

Stage 2 earn-in of $5m for an additional 19% will assist in getting the infill resource drilling completed, metallurgy work done, permitting with US BLM and initial mining operations. That is why earn-in deals make sense - the consideration you pay to acquire your project interest goes into the ground adding value to your new asset.

As for the potential stage 3 earn-in of an additional $3m payment for an extra 10% (to go to total 80%), that is optional at the sole discretion of Riedel. So any decision to make this payment would only occur on the basis the project is producing bucketloads of cash and the Company wants more of it. Easy assessment to make! does an extra 10% of the project bring in more than the $3m to buy it? Pretty simple really.

So in actual fact it's no longer $13m, just $5m required to go to 70% and if you don't understand that exploration and project development requires capital I think you may be in the wrong game.

At least we agree on one thing - these results deserve a 5 cent share price as the first stop.

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Mate you know some things about RIE but you need to dig deeper what i have found i can't publish on here .

RIE Price at posting: 1.0¢ Sentiment: Hold Disclosure: Held
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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $3.335M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
28	50954165	0.1¢

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Price($)	Vol.	No.
0.2¢	12207535	12

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No.	Vol.	Price($)
27	50920996	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	12207535	12
0.003	7677092	4
0.004	9650000	5
0.005	5300000	4
0.006	3447828	5

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Ann: Exceptional Grades continue at Tintic, page-13

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Ann: Exceptional Grades continue at Tintic, page-13

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