Luminex Resources Corp. (LR)

Luminex Resources Corp. (LR $0.18)
- $0.18 Cap: $30M
- View LR Profile
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Luminex Resources Corp. (LR $0.18)
- $0.18 Cap: $30M
- View LR Profile
- View Questions on LR

Q: They have raised $30 m (without any warrants) during the past year to primarily fund exploration and drilling, my take on their press releases
Ross Beaty owns around 20%
Please explain BHP's formal earn-in and joint venture agreement dated July 15, 2019

BHP has the right to earn a 51% ownership initially, to a max of 70%
........is BHP committed to invest, or is it up to them to decide if they want to ?
if its the latter, is there a time constraint for them to invest
I'm thinking to take a small position here
what do u think

Read Answer Asked by JACK on June 08, 2020