RE:RE:RE:Leo's answer to my emailTXRogers wrote: goldencraton wrote: Silverwhere wrote: NR question: AUD 2.7 million from Novo + AUD 2.7 million from Artemis? . . . Leo's answer: "Correct. Plus we get a 15% management fee for running exploration".
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The Novo-Artemis 50-50 budget of AUD $5.4 million comprises approximately one-third of Novo’s planned $15.4 million Pilbara conglomerate exploration budget. $2.7M isn't a 1/3 of $15.4M?
gc
Hi GC. The NVO budget extends beyond the ARV / NVO JV. 2.7mill is for JV activity only. Tx
Hi Tx
Yes I understand that but it says (as I read it) that the NVO portion of the JV spend $(2.7m) is 1/3 of the
overall NVO budget of $15.4m. Maybe it's just the way my brain works or the way it's worded but as you have pointed out before these news releases often create more questions than they answer.
Thanx
gc