Exactly Larry. Your example of real estate options is precisely how this works. And those who are focussing their attention on the cost of the option or even the cost of the exploration are missing the point! Larry, please back me up on this - the point of all that stuff is purely an enabler. The big news is not the option, it's the JV. VALE would not have bought the option if they did not intend to JV with us. No one buys an option they do not intend to exercise, else they're wasting their money. The $95,000 is just a security to show seriousness. The $750,000 is just the cost of due diligence to ensure a full scale copper mine is feasible. Its the 80/20 JV that is the crown jewels for us.
20% of a low grade, high tonnage copper mine run by the fourth largest mining company on the world on our behalf is MASSIVE!!!!
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