If TAR exercises the option they need to pay:
- 40m TAR shares
- $400k (JORC at 150,000t Cu)
- $500k (positive Bankable Feasibility Study)
- $500k (commercial production)
- AND 1% net smelter royalty
We think we have a lot at stake... Thomas stands to make $10’s of millions here. Can you imagine that feeling? The nervousness and anticipation. Never have a seen a situation where the CEO has so much skin in the game. Directors, yes, but not CEOs. When he says that he is “excited” in the videos...he must be EXCITED!
TAR Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held
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