RE:RE:RE:RE:Some thoughts StoogeNo4, Thank you for your input. I realize my idea is more on the side of hope, but I did receive an email that it would be brought up to the board.
Relative to my previous post in regard to this subject called Some thoughts, I meant that for such a JV to ever be considered, we would need a positive Front End Design Study, Off Take Partner(S), Environmental and Social Impact Assessment and Permitting and of course the JV partners.
Like you, I feel that we have the proper reserves and resources of graphite and later battery grade vanadium and feel that Dundee, JP Morgan and VR Capital feel the same. In addition if there was a JV and graphite demand was solid - such a JV - may decide to go into higher initial production.
With the above approvals the group I mentioned as the possible JV Partners would have to surrender about ~230.5M shares for a 50% JV interest.
It's been sometime since we had info concerning JP Morgan and VR Capital's shareholdings in EGZ so we don't know the number shares they presently have - and they may be less than 50%.
When considering it as a 50% JV, 230.5M shares divided by 3 would be about ~76.8M shares for each of the 50% JV partners. It is possible that both JP Morgan and VR Capital increased their interests in EGZ - over the past year - to the extent of each having about 76.8 M or more shares. They may have more than 76.8M shares as Dundee.
What I feel is that over the time that JP Morgan and VR Capital held EGZ they bought further shares and their cost per share averaged less than 12 cents per share, If so the total cost for all three to form a 50% JV would be about C$20.5M, or C$6.8M each.
Surrendering 230.5M shares to be part of a JV with Proven & Probable Reserves and Measured and Indicated resources all with Jumbo and Large Flake graphite plus a battery grade vanadium resource would be a good deal for 50% JV partners.
Energizer would keep the 230.5M shares in her treasury, they will not receive dividends and be used only for possible expansion of its it's part of the JV. Energizer would also benefit by cutting mine development costs in half and possibly get a low interest loans based on confidence in the JV, the Off Take Agreements(s) and the need for graphite.