This is a huge announcement. Blair is a valuable property and I thought that they may have extracted better terms. However the past is replete with stories of people who held out for better terms and finished with nothing. it is difficult to negotiate good terms in a deal if there is only one party on the other side. The simple fact is that ESS do not have the resources to exploit all their holdings and shareholders are a lot better off with a share of a profitable mine than with 100% of nothing. We have seen the reaction to a cap raise and ESS can spend all available resources on present hot prospects for gold and lithium to say nothing of caesium. They have enough blue sky in the Fraser Ranges which has huge potential. The Blair deal is with very competent and well financed people who are likely to advance the Blair project rapidly and competently. Great news ahead!
This is a huge announcement. Blair is a valuable property and I...
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