Yeah, that’s basically it $50m worth of shares. Although potentially the deal is worth much more to MIN if as we expect the SP goes $1 plus. IMO, MIN now have an incentive to assist PLS getting its operations up and running. If MIN’s aggressive nature with the dispute is anything to go by then the optimistic (again IMO) timelines set by PLS are likely to be achieved.
Great to see the agreement finalised and PLS can now concentrate on getting the mine up and running and securing/announcing more BOA’s.
All IMO.
Ann: Pilbara Minerals Finalises Agreement with Mineral Resources,MIN-PLS.AX, page-16
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