TLG 15.8% 66.0¢ talga group ltd

Do you have statements from LKAB that substantiate your claim? I...

  1. 268 Posts.
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    Do you have statements from LKAB that substantiate your claim?

    I thought that Mark Thompson was a miner as well as a geologist. Also, the first mine is open pit. You don't have to be the smartest engineer to figure out how to make that work.

    You propose that despite talga purchasing the claim, investigating the claim, doing all the painful legwork on the environmental studies and permits, talga will just give LKAB all the mining rights? The discussion has always been a "joint venture" not a "we sell them the mine and they guarantee us material".

    No way. Talga owns part of the mine for sure. We all hedge the percentages, but no way does Lkab take it all.

    I could believe that a second mine Lkab is majority owner for the first underground mine (not total owner, no way no how). But after that, Talga engineers will have learned what they need to know to do their own thing.
 
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