What about this scenario.
Strategic pays say $200m for 50% of Adina-Renard project.
Total cost of acquisition $52m + capex $260m + C&M/E 8.5m etc = $320m approx
Strategic then pays for 50% of capex etc = $160m
Total strategic spend = $360m.
WR1 spend its 50% also $160m capex etc, leaving it with $40m left over from the $200m contribution buy in stake from the strategic.
ie, can we get a free carry, keep 50%, and have cash left over.?
Then add that to our Ceasium exploration.
We would look very different if partnered with big brother, free carried, and cash left over.
What about this scenario.Strategic pays say $200m for 50% of...
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Mkt cap ! $31.70M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $134.3K | 1.005M |
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|---|---|---|
| 14.0¢ | 169541 | 5 |
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