I think that it's a pretty raw deal for ENT - just 60k (about)...

I think that it's a pretty raw deal for ENT - just 60k (about) shares in SFR, $300ks worth.

SFR has 2 years in which to spend $1.5m, but 'what' and 'where' are not stated. It's my guess though that SFR will just tackle the VHMS-Bryah side, leaving all of the potential SEDEX-Yerrida side idle.

SFR, having spent $1.5m, can then either withdraw or proceed. If it proceeds then it has the right to earn a 75% interest in the tenements by Jorcing a resource of 50 tonnes of contained copper or equivalent. It states though that there is no time limit in which to do this. I can't make sense of that.