Wednesday, March 07, 2018 2:25:33 PM
Now once those start to come in and we have reached the second half of 2018 we could demonstrate an insite value of >100,000 million then based on what we are demonstrating you stand a very good chance of having Glencore clawback into this. The Clawback also gives Glencore exclusive rights to Teledyne also...
This is from the clawback language
Offtake Agreement – Prior to the commencement of Commercial Production, the Purchaser shall enter into an off-take agreement with the Vendor for all ores and/or concentrates produced from the Property and/or the Teledyne Property
What you own this stock for is the day that a press release comes out and indicates that Glencore has exercised its clawback provision and is creating a JV with Lico for both the Glencore Bucke property and Teledyne. Thats 650 ha of resource. On that day, hopefully second half 2018 we will see significant upside in multiples.
So be patient and as long as the drill program and assay results continue thats the catalyst.
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