GRM payment will be less, it gets more the longer you have the tenement
RWD had trouble with CDNTS yes, but they had trouble with WDLAC as well
I can see why they let it go, LD and Karly are there main game ( they are capped at 90 m based on these). These projects could be billion dollar projects. Lake Mackay is going nowhere for them.
Can GRM get over those hurdles, who knows thats why its a 10 m cap and starting out, But RUM and TOE seem to get on ok with CDNTS at the moment.
GRM will just ride on RWD Karly drilling and RUM south part of lake mackay drilling. If either turns out well GRM will benefit
Its all risk v's reward
AMN Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held