I’m no expert but the way I read it is the exploration is occurring on leases already purchased by PB that we could not get out of with the possibility that all drilling is paid for by a third party in return for a 3% smelter royalty. To me it reads like a risk free means of making the best of a bad situation.
like I said I’m no expert, may be wearing rose colour glasses
Ann: TVN Tivan Announces Alliance with EARTH AI at Sandover, page-17
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