Correct @Ildsrud . The vendors know the ground well and were...

  1. 3,900 Posts.
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    Correct @Ildsrud .
    The vendors know the ground well and were patient in waiting for this corridor section to
    open up for registration. Rio could not obtain these as was explained, so we are " in the sweet spot "
    particularly as the resource ( yet to be Jorc ) is from surface with almost zero strip ratio.
    Also the original BHP and subsequent owners ( now the Chinese just north ) were concerned
    regarding power and transport /infrastructure. This is essentially now sorted - at least in time to
    export the MRG Metals ore !
    250 million shares of the deal will be handed over at anytime that the MC stays at 30 days
    for $100 million.
    So for a low MC $5 million capped tiddler this is quite the story.

    GL

    Cheers
 
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