Worth also noting the last milestone is based on a Sale Price of PLUS $100 Million. Which is a multi bagger from where we are before those shares are issued.
Again - look at Savannah Market Cap with only a 20% holding in the Mutamba project. $50 Million. Lower grade HMS and Zircon in the mineral assemblage.
I am going to go out on a limb here and say that the second lot of Assays (due anyday) will see PLUS 5.5% average HMS. The third and fourth will be PLUS 6% which will give us and indicated resource of 1.8 Billion tonnes at circa 6% by end of March.
Do the maths folks. It aint rocket science.
Ann: Release of Securities from Voluntary Escrow, page-80
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