Biz, Naval,
Please correct me if this understanding is incorrect.
CTDT entered into an agreement to buy 4 acres of a ~24 acre mining prospect with Apache. The agreement is that Apache will handle all mining/milling operations and tailings. CTDT will collect ANY gemstones and rare metals found. They are doing this for a 2% revenue override on ANY revenue Apache generates from the prospect.
CTDT will, in turn, collect 98% of the revenue from ANY gemstones and rare metals found. They will give Apache 2% of the total.
NOWHERE have I seen that CTDT is looking to mine diamonds or any other gemstones for that matter. CTDT doesn’t need to mine anything especially diamonds because their technology is to create them from carbon through their patented process which is undergoing the final stages of R&D/measurement specs.
CTDT is in this venture to create a secondary revenue stream and solely that. CTDT’s main revenue will come through industrial use diamonds in other forms and some man made diamonds for use in jewelry.
