RE: Https://www.youtube.com/watch?v=Jej_Ycbtqa024 May 2023 17:14
Snip you are aware that ECR's agreement to purchase the Hurricane project is subject to satisfaction of drilling carried out by us. IE we get to prove it's hot before we proceed with anything, 'win win' as AH calls it. We are not stumping up $5.5m upfront or whatever. If Hurricane is proven economical by our 'try before you buy' deal then funding will be a different kettle of fish, surely? The fact AH has history and links with the project has meant we essentially have a sweetheart deal. If it's unsuccessful then it's minimal outlay, if it's a go'er we partner up or fund raise (at a much higher sp).
So a different kettle of fish than the GoldOz deal.
Reading up on the project it looks tasty. Are you not interested to know what lies beneath Snip?