I think we got screwed
We get $1.4M US from Cartesian immediately. We get $1.4M US from ICPUSA in January. Total cash for sure of $2.8M US. We get 75% of the revenue ICPUSA generates from selling water or water rights between now and the end of 2022. This is capped at $12.2M US... "if" ICPUSA actually generate any such revenue. If not, we get a 1% royalty in the Ochoa mine. A mine that may not go into production for many years, if ever. It would be great if we got the $12.2M US now. But the very best case scenario is we get $2 or $3 M a year over the next five years. Worst case is we get nothing. So, the bird in the had is $2.8M US. What does the company we own, IC Potash, do with that money? Pay salaries until it's used up and then fold? Head off on some new potash mining venture? To me it looks like we are fuc ked. Hopefully someone out there has a more accurate and positive take on what this deal means for shareholders.