RE: Maroochydore buy-back rights, dug around to find more detail about it. See below for extract from the announcement back when it was acquired. In short, buy back costs = 150% of exploration expenditure incurred (50% contribution x3).
Interesting to note that in the fine print, the exploration expenditure is considered to be the expenditure during the period it was held as a sole risk area. I don't know the history of when these buy-back rights was established and at what point it was set up during the exploration, but I assume that if it goes back far enough, it sounds like it could also include exploration expenditure incurred prior to CYM acquiring these tenements. Although, if that's the case, it's anyone's guess what that figure would be.
- Forums
- ASX - By Stock
- Ann: Maroochydore Copper Cobalt Project Final RC Drilling Results
RE: Maroochydore buy-back rights, dug around to find more detail...
-
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
Add CYM (ASX) to my watchlist
|
|||||
Last
3.7¢ |
Change
-0.002(5.13%) |
Mkt cap ! $56.46M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.7¢ | $69.05K | 1.787M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 444988 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 303725 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 444988 | 0.037 |
6 | 951636 | 0.036 |
4 | 1140000 | 0.035 |
6 | 649248 | 0.034 |
6 | 1122631 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 224725 | 1 |
0.042 | 232882 | 2 |
0.043 | 300000 | 1 |
0.044 | 600271 | 2 |
0.045 | 465166 | 5 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
Featured News
CYM (ASX) Chart |