That the Vendors are up for equity equates to the understanding that they believe the resource is real, and they want ongoing exposure. $4Mill is not chicken feed, whether in cash or stock!
That they're doing a deal with an Aussie Junior equates to maximising their upside.
The Vanadium space is really hot. My/Our entity has very recently been beaten to Two very rich deposits in the Toolabuc QLD. CHN getting there in the One instance. It Grades @ .6%. Very high on a Peer to Peer comparison. And without associated metals.
This thing Grades Three times that, and with no end of associated metals in a very Mining friendly, stable, and growth oriented province.
I've grabbed 25Mill OC's @ .001 in this washout, and will more than likely hold them till April 20.
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