Yeah @Hard1356, this is hard to find and there's a bit of history, but yes they do. I don't believe it is free carry so they would have to contribute up to 50% of development costs plus X 3 exploration cost reimbursement if they took up the entire clawback. Maybe that's why Baz wants to build a mine at Maroochy rather than truck to Nifty.
I haven't see the Euroz update unless you're referring to the one before Christmas. I thought the comment by Euroz was the value ascribed in their valuation to the other tenements which was low - which is how Val's work. Not they'd get diddle squat from it.
CYM could always buy back the rights for $. Otherwise, AIS would need to stump up a hefty sum (new plant could be $200m plus) and they are not financially robust ATM. Might jump at the opportunity to take the cash.
Cheers
CYM Price at posting:
17.3¢ Sentiment: Buy Disclosure: Held
