Quite comical really. $12.5B company (MIN ASX) takes 40% of Project .
MIN To spend $15m on development.
Approx $3m in kitty prior to deal . $400k payed now plus $3.6m. Near term when signed =$7m …..MC now $7m $0EV
$1m next year.
This could easily be .35-40c fair value now in my opinion
Ann: LANDMARK $20M LITHIUM-FOCUSED JV WITH MINERAL RESOURCES, page-12
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