RMX red mountain mining limited

Ann: Red Mountain signs term sheet for Mokabe-Kasiri Project, page-9

  1. 12,503 Posts.
    geez I just love how these guys negotiate their deals.

    red valley was a steal for no upfront consideration, and only needs to spend $300k on ground

    here we have $50k option fee (which is a standard exercise), and 7.5m shares to be placed if transaction gets go ahead (roughly $260k worth), and everything else is spent on the ground

    thats just the best way I like it. no frekking millions dollars to be paid to vendors!

    check out the copper grades of the nearby mines
 
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