Golkor Inc (GKOR)

[Sirius_Fan]

That's not how it is.

Vale agrees to 80% OWNERSHIP. Meaning 80% of ANY COSTS associated with getting a mine running falls on them.

It also means they make 80% of the profits.

So, yes, they paid a few small fees to acquire the rights, but that is how it works.

They front the capital to get the property working, and then they get a nice profit from it.

It's like that with any venture capitalist. They fund you for a % of the business.