It is totally unworkable operating arrangement. I am not sure how this type of marriage will work and how long ?.
DMN will spend all the money till licence to mine with minimum $2.3 Million commitment. ORO is the "Operator" and will manage the project. ORO owns only 30% of the project. ORO will invoice to DMN all the cost(Including Management Fees) DMN will pay all the cost ORO(most likely 50% in advance)
Technically DMN is a financier of the project.
"What happens if $2.3 million commitment got delayed due to delays on ORO part or due to bad weather or some other unforeseen circumstances. DMN will looses it right."
NEO RESOURCE had similar arrangement with ORO, Now Neo-Resource is delisted.
AGS had such arrangement with Heathgate: We all know what happened there.
DMN Price at posting:
0.3¢ Sentiment: LT Sell Disclosure: Held
