FMS PIOP tenements to be 25yr leased(with option to extend another 25yrs) to MineCo for taken to production with 40% interest + 5% royalty(or a pre-payment/mix of royalty and payment). Must have protection clauses in place. BBIG can have the ore in the ground, but FMS retains ownership of PIOP. Only way I can see forward where there is somewhat of a balance of control between both parties.
FMS risk of project overrun capped. Complete details of future toll haulage partnership for other companies(should just be 40%). BBIG penalised(or more so protection of FMS's economic interest in MineCo) should BBIG not pay off project within BFS/FID projected timeline(to limit profit minimisation).
FMS Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
