The Swedish assets

I think MRQ has done  a remarkable job in adding value to this asset.

The deal calls for USD3m to be spent to earn 50% (and lesser $$ for 10% and then 25% respective stakes).

Clearly, Norra, in particular, would have considerable value to Boliden SA whose Maurliden open cut is pretty much out of ore. This mine is one of several that provides feedstock to the Boliden concentrator (not 50km from the Norrliden prospect). A granted mining lease is a big, big plus for exploitation too.

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All that said, the smart play (and that's what appears to be what they're planning) is to achieve a trade sale for this asset.

It will allow full focus on the sands assets and plenty of cash in the till.

Perhaps even a capital return?