"Under the terms of the earn-in, ECR will fund all expenditure required for Cordillera Tiger to obtain a mining licence, and through Cordillera Tiger, ECR will be the operator of the Itogon project during the earn-in. After a mining licence is obtained ECR and Tiger would fund development of the project pro rata, or the non-funding partner would be diluted"
but it'll be factored into the SP anyway so why is it worth mentioning?
thought i was filtered ?? and i wasnt ramping omi... just pointing out the steep curve that ECR has yet to work through.... and that even if they could achieve that sort of terrific success, the apparent reward based on MCAP is a paltry £3m above todays price....so anyone looking for a gold play on AIM would be insane not to cast an eye over OMI before investing in ECR.
yet again I ask, why do you care? you have your perceived 'valuation' and choose not to invest (this time) yet you feel the need to keep harping on about it. you say those not listening are like 4 year olds. I say those that keep repeating themselves to no purpose are even more childish
Talking Sense posted "That would be great news as the costs would then be split 50/50 with Tiger from the point where we obtain the mining license as opposed to our 100% cost liability at the moment. It would indeed be a massive step forward."
Are you sure about this? Can you post the RNS in which this issue is covered?
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