parker range alliance and deal worth $180m+, page-26

Wait for the signed SPA - CAZ will go nuts IMO. We'll hear more in 10 days and then we wait. I've been waiting for a couple of years already. I have little doubt now that we have a floor under the SP. We now know how much we are worth and dilution for drilling has been minimised.

This may be a company maker IMO:

1. HOA has been signed and released today.

2. SPA to be signed after which $40m will be forwarded within 6 months.

3. A further $55m to be forwarded once production begins or 24 months when SPA is signed

4. In addition, a royalty of $2.50 per tonne is payable on all ore produced. The per-tonne royalty rate is capped at a maximum of 10pc of the gross profit margin should that calculation be lower than $2.50.

* It is also intended that the parties enter into a 50/50 jointly funded regional exploration agreement, whereby Cazaly will manage all ongoing exploration, including over the Parker Range tenements, within the greater Parker Range region.