Hi fluffy, CAP will not lose 50% of the company. Upon a positive PFS BMG will pay CAP a further %25m to vest 51% in the project.
Then of course they'll retain a 20% free carried interest up to the targeted production of 20m tonnes per annum of iron ore concentrate.
This company is still extremely undervalued imo, & has a lot more going for it than this one project.
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