Ann: Rio Tinto Devoncourt Project Farm-in Agreement, page-24

This is the angle I'm looking at.

Is this an indirect way for RIO to lay claim over CNB?

If RIO links CNB with one of its projects and that project turns out to be successful then as our director says "this has the potential for multiples of current market cap". Which in that case RIO automatically captures 49% of that increase.

From RIO point of view it is like getting CNB to pay RIO to have the chance of defaulting to becoming the largest shareholder in CNB. In a roundabout kinda way?

The incentive for CNB is that they are given the opportunity to become that controlling entity of the new project. Which means that CNB becomes the vehicle through which people invest into the potential. This ensures CNB holders remain beneficiaries of a potential discovery and thus becoming more attractive on the market.

In summary, is this a gambit for RIO to stealthily take a blocking stake in a future CNB? And in return CNB is offered control of a project that has massive upside potential?