mantle acquires new 289mn tonne jorc inferred , page-2

Going to reply to myself so I can get the TUs(TU junkie,lol)

Taken from ann,I am presuming this means they havent even paid for the tenements rather deferred payment


"Total consideration for the tenement to the vendor, Resolve Exploration and Mining, consists of a back-end
vendor royalty of $0.80 / tonne clean coal sold, convertible to a $5 million payment spread over the first 2 years of
commercial production in 4 tranches in either cash or Mantle shares at the vendor royalty holder’s option"