I understand winmar resources has a 100% buy out option for the deposit. I also understand this is part of the option terms...
"Winmar has the right to purchase a 100% stake in the project by paying Cazaly $0.50/tonne of its participating interest in a JORC-compliant Mineral Resource within 18 months, or if between 18 months and 36 months, by payment of $1.00/tonne of Cazaly’s participating interest in a JORC-compliant Mineral Resource."
As the later option has expired I would say the second option is still on the table.
Can anyone else elaborate more to the best of their knowledge? And any thoughts of the buy out price.
I'm thinking of putting an offer on the table.... lol
WFE Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
