I'm no expert on these things but when I look at the 16 Sep 2024 JV market release the way I understand the deal is that there's a $4m break fee (applicable prior to commencement of mining) for either party to withdraw from the JV excluding technical or permitting preventing the project from proceeding. So if the project is a goer (i.e., fundable and developable) and the JV partner doesn't want to go ahead and commence mining, then they have to pay OZM a $4m break fee. Like I said, I'm no expert on these things, so this is just my take on the below bit from the JV market release as a rank armchair amateur haha! Plus we don't have the whole JV document to read so we really don't know the specifics. AIMHO (DYOR).
OZM Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held
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