RE:RE:Now, TLG is right nest to the NORTHERN PART Agree Sumitomo seems to be the logical JV partner, but as they say, the devil is in the details. TLG will try to get the best terms it can for its shareholders, but so will Sumitomo (or whatever company becomes TLG's partner).
Personally, I prefer the company to own 100% of the project - much easier to sell if that is eventual the endgame after production starts, management in full control as to how to proceed (provided management is skilled in mine building), etc. To say that the share price will jump just because (any) JV agreement is signed would be premature. Yes, it de-risks the project, but will it live up to what the investment community expects (including the mutual funds and other institutions that currently own TLG shares)? Who knows, but I'd like to see the JV agreement first.