Does anyone else question the constant promotion of the mineral venture model like it is a revolution?
Its absurd - the reason it is uncommon is: who in their right mind gives half a good project's cashflow away to a contractor?
If the project had good potential, money would be raised and the company would retain all the earnings, hiring a miner on the 5-10% mining premium for the labour (rather than x + 50% of profits).
I see ONX is run by bean counters that dont have much mining experience, so this project must be a cash cow for GBF, Picking up profit on both sides of the fence. GBF make money all along, with ONX shareholders only getting half of what is left over.
Having said that, as a potential ONX shareholder i will look to enter at 7c, unless more info justifies it
Mineral Ventures Model
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