Re-checked 12 Nov 2010; Trinity are 'free-carried' with 10% interest, until the project has achieved a 200Mt JORC... After this is when Trinity contribute to the expenditure... The 15% comes in if Tr elect to participate with-in 60 days from the establishment of the jv, with reimbursing agreement as noted in ann. So Tr have potential to take a 25% interest, but starts with 10%. With what we potentially have, I'm more than happy with this type of agreement.
Cheers :)
CEO Price at posting:
6.9¢ Sentiment: Buy Disclosure: Held