Ann: Expansion of West Musgrave Joint Venture, page-5

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salpetie

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26/11/19

00:28

Post #: 41626267
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Originally posted by arsenic: ↑

I think given the tenements were applied of the WMP JV they get 70%.
IMVHO. A separate way to look at it is when funding for the exploration of the new tenements comes up it will be treated via the Agreement for the WMP JV. It may well be if they don't help fund it we can JV it with someone else.

Of course Salpetie is the resident expert on these things and he may help us out. More importantly wrt the productivity.
From my limited experience I'm happy we've got that extra land I compare it to the land rush around the Tropicana mine in the Frazer (?) belt.
The geologists led by Dr Horonsky have said drilling and structural interpretation from WMP and Mt. Squires could lead us to more mineralisation.

The question my lecturer asked re- ore gelogy was " Where is the best place to look to find ore?"
To our bank faces he said " Around where you found it before".

Expand

Will be interesting to ask a question about this at tomorrow's AGM.

The tenements will take some time to be granted (if ever, though IMO it should just be a matter of due process).

The annual costs and expenditure requirements may prove quite onerous to CZI even at 30%. As you suggested/implied the "loan" from OZL "until" NB comes on stream should protect CZI's finances.

Some more ideas/information are included in this PDF: wmp tenement expansion ideas nov 2019.pdf

Maybe see you tomorrow As.

Last edited by salpetie: 26/11/19

CZI Price at posting: 8.0¢ Sentiment: Hold Disclosure: Held
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Ann: Expansion of West Musgrave Joint Venture, page-5

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