NMT 2.78% 7.0¢ neometals ltd

This line here: The retention by the Company of its binding...

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    This line here: The retention by the Company of its binding offtake option rights for a minimum of 12.37% of production from Mt Marion from February 2020.

    Is anyone able to explain this to me>?  I was under the impression we (nmt) had option rights of production which were 50% ?
 
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