Okay so they have the bulk of the $8m needed for the acquisition from a Global partner with in the industry. If im getting this right, Cronimet will give us $5mill for 50% of the JV with SEI to also clip their ticket for 2.5% royalty . Then theres the open pit to consider ! Not too shabby for a sub $8million company with a billion dollar company willing to go 50% and supply the plant !
Job well done IMO
Ann: Financing Arrangements - Mt Carbine Quarry & Mining Leases, page-3
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