A "normal" mining company would have to buy tenements (capital outlay, usually through cap raise), often having no historical data or studies available, and then have to apply for permits to explore which can take months or years even;
For AAU they are given (no capital required) multiple properties by government-owned Geominera to explore, no further permits needed, and previous data/ studies made readily available? And if they find a successful one to develop, they are reimbursed by the JV company Minera La Victoria who then split the project 51/49 with Antilles?
Is that right? What an arrangement. And who's to say there won't be more once this snowball starts gathering momentum?
AAU Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
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