About today's NRLooks like M3 has made a good lease deal for Block 103:
- the tenement agreement is settled for a relative short period of 12 months.
- de-risking and advancing the property by the Australian partner in this time period.
Suppose that they will focus on the high-grade DSO style mineralization.
At the end of the agreement both parties will have more info to determine the definitive purchase price of Block 103. Hope that Labrador Iron Pty Ltd. has financially access to some deep pockets. They will need it!
... However both parties must have already a fairly good idea of the Transaction Amount.