$25,000 up front and no break fees if broken in first 3 months.
This gives them ample time to have transfers completed and ensure everything is in order on a regulatory level.
A lot of work and money has already gone into this project historically, no doubt done by Valentis geos and team. MYL are Valentis' single largest client. They will be working this to all parties advantage. No point in not doing so as there are other opportunities. This will be the cream.
Valentis would not risk damaging the relationship over a small spend when they stand to make millions out of the existing Bawdwin role.
Only had time for a quick read of the geological info but it sounds extremely attractive. Obviously they are targeting the discovery of a large system...not just the surface expression of discrete high grade zones.
MYL Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
