RE:Next Year's Financing?Some really well thought out projections. Given all the rave notices on WM by E Sprott and with the KL CEO on WM's board KL needs to do something to capture the value of WM without it turning into a bidding war. Doing it the way you suggest largely takes WM off the market before it hits the market. KL will be greatly benefited if they can pull off what you have suggested. I don't know if formation of a JV requires a WM shareholder vote or not. If it requires a shareholder vote KL's cash payment will be whatever ES says it needs to be to get him to vote his shares in support.
Between the assets at Fenelon and the assets at Grasset, WM is a nearly fully ripe tomato ready to be picked.