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...
I reckon the market will look at it more that CLY bought the...
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