That's the way I read it too. I'm not sure of the process if MCT wins - like you I would assume that MCT can take greater ownership of the tenements i.e. greater JV share if NEX can't pay cash (which seems likely since NEX only had $267k cash available at 30 June 2023).
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That's the way I read it too. I'm not sure of the process if MCT...
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