Good reading poly...I like Toro better than SRZ...... more...

Good reading poly...

I like Toro better than SRZ...... more leverage up to 70% earning over 30% of SRZ....on the SA tenements and still have great NT tenement.....
There are various other reasons too....just read the TOE thread..... cheers


TORO SRZ JV :

$150,000 up-front access payment
$1.5 million exploration expenditure by Toro over 2 years to earn 51% equity
Toro can then elect to spend a further $1.75 million on exploration expenditure over the following 2 years to increase its equity to 70%
Stellar will retain a 30% equity after this $3.25 million spend.