Nice to have the option to purchase the other 25% in the future :)
"According to the Agreement Eurasia Mining in the framework of the pilot project acquires 75% equity stakes in a junior company incorporated within RosGeo for the amount of 0.5 mln. USD with an earn-out to be payable following the results of the reserves audit under the JORC Code and accomplishment of other conditions. In addition, Eurasia Mining receives a call option to acquire 25% from Rosgeo after completion of the reserves audit under the JORC Code.
Eurasia Mining will carry out operational management of the joint venture and the project. RosGeo will contribute to the joint project the gained experience and competence, including conduct of geological exploration and prospecting activities, and render the geological consulting services, which enable to ensure the high efficiency of the partner investments in the project."
That is definitely a consideration, I'm sure we all remember the 'enough money forever' statement, which is why I was surprised to see the 2nd RNS today. That said, as you rightly point out, the 3rd lockdown has gone on for much longer than anyone could have foreseen, the goalposts were moved considerably.