I’m not a legal eagle but lets have a look at the current contract.
The investor may have been given 50% of PIOP and but BBiG 10% and we can say FMS/Tio have the remaining 40% .
The ownership of the tenements remains with FMS/Tio
The investor puts up all the capital and can only state its case at PIOP mine Co?
I can understand them having a say on the other side of the table.
The tenements could be sold from under them?
SH only assume that everything will remain as is and for life of mine.
One legal point I know is that assumptions don’t carry much weight in a court .
Interesting story below.
No idea why we should pay 5% royalty .
the board will agree to it.BBIG will be competing with Clive on receiving the biggest royaltyCheque.
Of https://www.hancockprospecting.com.au/clive-palmer-crowns-himself-was-iron-ore-royalties-king-in-latest-sino-iron-court-feud/ course
Ann: Non-binding indicative proposal from BBIG, page-119
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