Details of the deal Did Tim happen to mention if Temas is obligated to cover costs as they accrue for the 3 years of the Option Agreement? Or do we split 50/50? Or at the whim of Temas?
I feel there should be something written in the Temas has to cough up as we go along otherwise it is conceivable they wait 3 years to see where it all goes on our dime, then cough up whatever they feel like when virtually all risk gone. I could probably round up 10 million Euros for half of a mining project in Stage 3 of this process. Or even say, a 1% share to get them to Stage 3. This is brilliantly negotiated by Temas. So so on out side. If Temas doesn't have to invest until it feels like it, it's a terrible deal for us. I'd wait for FS to be done as we can raise cash for that little hurdle.
Anyway, I'm sure our guys have thought about these things, and will ensure we are looked after and not trusting too much.