Yes but after BFS they have 60% and that is also their share of costs. It's an option on a series of mines with a large exercise payment depending on resource size at the time of the finance decision. There will be no royalty payments! The payoff profile compared to a project with royalties is steeper - i.e. higher profit leverage. I reckon it looks great.
Yes but after BFS they have 60% and that is also their share of...
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