I reckon the market will look at it more that CLY bought the project for:
$10k cash + $30k in CLY shares + $300k if mined + $80k in CLYO's
that equals $420k
which is more than fully funded by Cadence taking up a 10% option for $500k a fortnight later.
so basically, CLY acquired 90% of a high grade cobalt project and made money along the way...
Ann: Appointment of New Chairman, page-17
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
