RE: News?21 Apr 2021 09:24
Sotalo yes Anza is 100% owned but dilution
is locked in and we are fully funded by Newmont/Agnico with a free carry of 25pc if all goes to plan. You know like I do that there is a three phase earn in with various monies paid at certain points of time and with that come dilution but these facts are in the public domain and 25pc of something is better than 100pc of nothing or a venture that can't get off the ground due to a variety of factors.
Sometimes people forget that Anza area includes other targets such as La Cejita, Tesuitas, Charrascala and Guamarala and that orosur and its partners are only scratching the surface in Apta.
Orosur still have licences to garnish in a few of these areas but these areas in their eyes show greater promise. The fact is Apta is looking like polymetallic, gold rich, VMS deposit. Probably why they want more drilling data from it.