SBL 0.00% 0.1¢ signature metals limited

could this be the pru of 2010?, page-19

  1. 1,636 Posts.
    lightbulb Created with Sketch. 4
    Good discussion. The question of proving the resource versus getting production is interesting.

    My understanding is that the deal is that a final payment of A$3 million in equity or cash will be paid following production of 100,000 ounces from the project. The word 'final' implies that proving the resource comes before the production phase. But how much before?

    Perhaps the best strategy is to do both in tandem.

 
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