Penoles-Ricky and DT3Can you illustrate the economics of the combined drill holes to date?
Penoles can afford to put in another 100k,Exmin is hitting distressed valuation levels and it buys both Penoles and Exmin another year to find something of economic value.
In return Penoles receives a further 10% of the project.
Legitimate concessions gained but nothing to note as of yet.
Penoles is just keeping their hand in,buying time with the 100k ,is all.
Karl is stretching it.