RE: MRP Take-Out Valuation Components The 120% cost recovery of TSB to MRP was part of their original TSB acquisition agreement see page 12. In fact it is even better: CAPITAL AND OPERATING expenditure recovery, in addition to the 54% net profit interest, hence More's confidence in .75 to $1.25 takeout
https://www.miraresourcescorp.com/i/pdf/presentation.pdf
Capital and operating expenditures are recovered at 120% through production