Post by
EasyEnough on Dec 06, 2022 1:24pm
Buyout after Mining License
Many here have assumed that Temas would own 50% of Piskanja if/when a buyout would occur after the mining licence is awarded to EV. However, since only a few $100K is needed to get there, Temas would only own a few % of Piskanja as per "Each €210,000 advanced by Temas towards the development of the Property, will earn Temas a one per cent (1%) undivided equity interest in the Property".
Can't see Temas being really keen on the selling of Piskanja when holding only 2-3% of the property.
But that would really be the best scenario for us EV shareholders.
Comment by
RJM on Dec 06, 2022 11:09pm
I expect that Temas will own 50% of Piskanja if/lwhen a buyout occurs. In general, the fees for feasibility studies alone range from £1,000 – £10,000+ depending on the scope. I expect Temas will have no problem spending €10,500,000 in work expenditures on the Piskanja Property in 2023/24 .
Comment by
EasyEnough on Dec 07, 2022 5:03am
RJM, Using your highest estimate, the FS represents 0.1% of the expedetures you forsee in 2023/2024. Where do you see the remaining 99.9% being spent on? Regardless of this, I think that Temas iwill have a heck of time finding ~$200K - that's 40M shares @ $0.05...
Comment by
Lanagold19 on Dec 07, 2022 3:10pm
MO.. Much of what you speak of has been or is near completion. Merry Christmas..
Comment by
EasyEnough on Dec 08, 2022 5:01am
Yes you are right. Thanks RJM for clearing that up. So 50% it is.