EAR 0.75% 33.3¢ echo resources limited

Ann: Mt Joel Highlights Significant Mineral Inventory Upside, page-11

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  1. 80 Posts.
    lightbulb Created with Sketch. 31
    No change, just noticed it today but it's in the last two Mt Joel announcements as well. 

    From prior research Mark Creasy owns the other 30% and is free carried till the decision to mine. Then is diluted to a royalty if he doesn't want to stump up the capital.

    His obviously not gonna stump up the moolah to mine so will get diluted to a royalty, was wondering if this 1.5 % royalty was to him.

    Ive emailed the company for clarification, it would be good to finally iron this out. Will post the reply on here if I get one.





 
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