I am having trouble getting my head around the size of this deal ;
-Bastion has the right to acquire 130 mining properties in Quebec and Ontario representing more than 11,200 mining cell claims across more than 2,250 square kilometres
-53 lithium properties with Net Smelter Royalties (NSR) and contracted agreements located in all the major lithium camps in Ontario
-The average NSR across the optioned projects is 1.55%, of which an average of 0.63% of the royalty can be purchased from Bastion for a combined total of up to C$46,750,000
-BSO can receive cash inflows from outstanding cash option payments over the term of these contracted lithium sale agreements up to approximately C$4,900,000 (~A$5,400,000)
Al this for $6m MC ????????????????
What am i missing
This should be 30 cents on this announcement $30m MC
potential mega bagger right here.
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I am having trouble getting my head around the size of this deal...
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