Happy to tuck this away for 2018. It's an interesting model, partner with a $17billion major to help then generate tier 1 exploration targets. Get paid AUD $650,000 bonus to remove the need for CR's and farm out up to 80% to get the targets drilled/assessed properly.
With a MC of $10mill, 20% of a major, tier 1, South32 size discovery would work nicely for shareholders. I wouldn't expect much enthusiasm until they start drilling though.
The good news is that they are basically self-funded and won't need to tap the market for cash every second month!
Happy to tuck this away for 2018. It's an interesting model,...
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