well, look at it this way.
By farming it out GSG take the risk, but if they have success we have exposure via a 23.5% stake and a 3% royalty and RAW shareholders don't have to spend a dollar.
But shareholder value is not diluted as there are still only 60m shares on issue. To simply raise $15m our shares would double in number.
RAW acquire the assets and then seek a farm-in partner. They do this with most assets in their portfolio. But they are all strategic assets and leave us with a residual interest.
This all presumes that GSG raise the $2m exploration funds from EP97. But given the past month they'll piss it in.
Just remember the market has RAW at $17.5m market cap based on the year high of 28c. Complete ignorance.
CTP's report on Friday will wake up people to RAW and it's valuation.
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i am in at 25c, page-9
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