Ann: Hancock sub Hanrine to spend up to US$120M to earn 80%, page-14

It costs a lot of money to drill and that's especially difficult for a junior explorer. Takes many cap raises to prove an asset is worth mining including feasibility studies and we will be free carried right up to decision to mine or not. As they progress their evaluation of Linderos, any successful results will increase the value assigned to Linderos.
Should the decision to mine proceed, Titan will be holding 20% of a producing mine. The receipt of $3m US also means the company will not require to raise capital and allows it to continue drilling at Dynasty where the company is confident of doubling the existing 3.1m Oz JORC resource.
Not to mention we still have Copper Duke and Copper Field so there is a possibility we could do a similar deal for one of those as they have had little work done to date.
As a junior explorer, it's very rare to take an asset into production. It's about exploration and showing an asset has the resource. Whether Linderos is prolific or not, Titan has upside from this joint venture. I saw some comments from a former Titan geologist and he is very confident about the copper prospects at Linderos.