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1.0¢ taruga minerals limited

4,5 and 6 are along way away and if its gets to that point i...

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Big Kahuna 101

3,656 Posts.

265

21/11/18

11:41

Post #: 36585192
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Originally posted by NZ Trader: ↑

Term Status
1. Payment of US$150,000 on signature ✓
2. TAR to conduct drilling programmes at Mwilu and Kamilombe during a ~6 month DD period ✓
3. On successful completion of DD, payment of US$2M required by TAR ─
4. TAR will fund all exploration to the completion of a BFS within 3 years with 2 additional years if required ─
5. On successful completion of the BFS, TAR will make a pas de porte payment of US$10M for each permit that it wishes to develop ─
6. Final payment of US$20M for each project where TAR discovers resources in the M&I categories exceeding 250kt of contained Co or 1Mt of contained Cu at the conclusion of the BFS

OK I see now why the SP has declined,,, some pretty large commitments ahead , cheers NZT

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4,5 and 6 are along way away and if its gets to that point i highly doubt the SP will be where it presently is.

The USD$2mil at completion of DD is going to be painful in the current climate.

TAR Price at posting: 6.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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0.010	422125	4
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