Under the joint venture, each party contributes up to US$2.0 million to the initial prospect identification stage, with CNRE required to sole-fund further evaluation of selected projects (CNRE election) up to US$4.0 million, in order to secure their 70% interest in the Project.
As the release states, any material find will transform Ausquest. Thats company speak for "make everyone a truckload of money".
Have been buying since they were 1c, I still think they are incredibly cheap but DYOR.
AQD Price at posting:
2.0¢ Sentiment: ST Buy Disclosure: Held
