my guess is....the new partner wanted to re-negotiate the deal because they knew that i-80 was running low of cash and is in the need of the deal.... I think that Ewan has to do this PP in a hurry (thats why ist is at a low price with options) to get back the overhand in the negotiations :-)
BUT: the"new" partner has also something to loose ... they paid the last 6 month for all of the drilling and would loose a lot of time invested too...
Rethink: with this PP we loose maybe some % of the max. share price potential instead of getting a very bad deal longer term. The cards are shuffeld again.
I am very curious what the FAD results will look like (all paid by the "new" partner !!)
With 100 Mio+the cash left+15% more out of the PP we will have approx. 120 Mio. which is a lot to show the market what we have... 3 high grade fields in the best jurisdicion in the world combined with a CRD system and a permitted autoclave... and this should not justify a share price of 10 CAD in 3-4 years ???
I think the gold price will stay at 3000 in the next 1-2 years so we will win easly all our whole share price potential back with the higher gold price than we would loose with the PP.
If the POG stays between 2500-3000 USD the big companies will generate so much cash flow that they MUST BID for i-80 in order to get their production numbers up - in LATAM the world is getting politically more and more difficult and the golden triangle is costly and dependent on the weather... Africa is corrupt etc... Nevada is and will be the number 1 jurisdiction n the world - every big miner knows that.. and we have not only ONE high grade field, NOT two high grade fields... NO !! - WE HAVE 3 HIGH GRADE FIELDS
GLTA