I think “50% of what” is reasonable question, and I think it’s one we don’t really have an answer to. The question was asked in the ADN AGM and the answer didn’t really shed much light: 50% of the NNT IP, which is about as much as we can know from the various ADN/MEP announcements.
what’s not clear to me is how much of the uplift from the PFS $700/t sale price, to a theoretical “millions of dollars per tonne” nanotech product will be due to the JV IP (50/50) or in the JV mining & processing (75/25).
The one thing that is clear to me is that if any of NNT’s IP is licensed to a third party and applied to material that is not mined by ADN, then that split would obviously be 50/50. We may have to wait for some revenue to be generated to find out for sure how things are split between ADN & MEP for GW material that has a NNT process applied to it.
