News: HGO Hillgrove Resources Updates To Rock Fall Which Occurred On 19 Dec 2018, page-28

There may be an initial deposit to show good faith until settlement.

I'm thinking the agreement will be some form of long term registered lease over the Giant Pit and immediate surrounds or licence to operate a PHES or a JV.

We know they are exploring  two options for  contract consideration that is Lump Sum payment or Royalty stream.

I'm hoping they are working on a mix with the lump sum component sufficient, but no more than necessary, to pay out all the franking credits with settlement of the contract and payment of the up-front lump sum before the annual general meeting so that the board have the necessary cash in the bank to announce the required dividend.

I'm also hoping that there is plenty of room for an ongoing revenue stream that will value up at a very high PE so we also have a healthy share price going forward while the next phase of mining is seeded in.

Glad I've got a lot riding on this one.