RE:RE:RE:Fission3.0 and Alpha Exploration spincos I would say that F.3 should be worth atleast the 9 mln that AAZ is worth. AAZ has to "Earn in" and need to pay the following:
12 months 10% $500,000 $1,500,000
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24 Months 10% $750,000 $3,000,000
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36 months 15% $1,000,000 $3,000,000
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48 months 15% $2,500,000 $4,500,000
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TOTAL 50% $4,750,000 $12,000,000
The fact that AAZ has to spend this type of money in the future to drill and earn in on this property, makes F.3 the preferred holding in the PLN deposit