RE:RE:Value of Ring of Fire AssetsClayTaurus wrote: Thinking that the value is in consolidating the property quickly via capitalization, rather than expenditure over time.
The triparte JV did contain a pathway to 80% via expendidtures, which guided the valuation in this case as a percentage of what KWG would have had to spend to gain control anyway. It's a quicker path to the intended result with cost-certainty.
Well said! Patience is a virtue