What we come up with is pretty much set. We retain 25% and have a free carried interest till a mining application is made. That is we do not have to make any contribution to exploration expenditure till the deposit is proved up. This is a spectacular deal for PIO and says volumes about NST opinion of the potential of the leases. To have this endorsement from the most successful gold explorers in Aust. is awesome. The market has not yet caught on.
PIO Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
