RE: nickel in north europe26 Jan 2021 14:52
Ivan all explorers eventually get farmed out; We could end up being diluted down to 3% of our Australian asset if the resource goes into full production. It will not be a bad thing as when producing it will have big earnings producing a regular dividend in multiples of our original investment yearly. If any explorer gets 3% - 5% of its discovery it will be a large income with a free carry. It is what is aimed for. There is a choice. A fundraise to keep our original percentage, or do not fundraise and have a smaller stake. A smaller stake would be fine. We are either diluted with shares or diluted in a percentage of our stake if we do not join in on a second fundraise. Both is ok. Big piece of small cake of small piece of big cake. What`s your choice? I think what is best is small piece of a big cake.