One other thing to be aware of is the following clause in the Eloise sale agreement:
"BRW will retain 100% ownership of approximately 245 square kilometres of exploration tenements surrounding Eloise, subject to an Option to Purchase held by Barminco. The Option can be exercised for a price, based on an independent valuation, in the event that Barminco subsequently sells Eloise to a third party."
My reading is that the Altia project is covered by this, but of course you should confirm with management.
BRW Price at posting:
9.0¢ Sentiment: LT Sell Disclosure: Not Held
