Ann: Bygoo Tin Farm-In JV, page-13

Equity is supposed to be in the Byron asset not the company TMZ for 25 mill bucks for 75pct. That places a 100 mill buck "value' on Bygoo. No more shares issued unless for strategic purposes. In effect TMZ would end up with 25 pct fully funded to plant construction and production. Good deal in this market for such a minnow to go into cashflow without the Capex risks or major share cap dilution. Delays prob due to structuring at other end as mentioned by one poster. For mine this underpins my 26 tech target and much higher later on earnings drivers. Just have to wait for it to be finalised. Bureaucracy. Meanwhile if u believe this is bona fine, presents a short term buying opportunity, ifffff u can get any stock. If delays turn out to be lengthy, they might need a small cap raising to pay the interim bills. Actually I have never seen such a small one as last. Means they are committed to keeping it tight which is fine by me. Imagine a major drill hit on the coming 100 pct owned wildcats from a 100 mill share cap. Do u know how to dream? Steady as she goes and keen to see that deal finalised. Interesting to see the two tiny parcels offered at at key tech pivotal points haha
Opinion