VCR In short we don't know details yet as they are commercial in...

VCR

In short we don't know details yet as they are commercial in confidence.

However we do know a couple of things.

1. They haven't paid a large sum as they didn't have the cash reserves to do so.
2. The Head lease has a royalty payment of 2.5% from the tungsten which will be extinguished. Therefore likely to pay for itself within a few years.
3. Getting control of the whole site is the important part as it removes any major impediments. Therefore it's a major achievement.
4. The quarry is the by product but provides a nice cashflow. It's not the big fish.

I do know one thing.

If you are wrong and the value that is a world class tungsten mine comes through, then you will kick yourself by saying you had millions of shares and sold them way to early.