Noxopharm Ltd V.NOX

RE:Financials...

[MrMonk]

My guess - and this is simply an educated guess - is that they have another potential partner lined up.  They have a large (overall) prospective property to explore and I'm wondering if they intend to use their own funds to drill some other targets within their land package.  As for Marban, apparently others are interested (and why wouldn't they be?) and I suspect NOX will put together another deal.  It won't happen overnight, but it shouldn't come as a shock to anyone if a larger company with an interest in the area steps up.  Discussions are probably already underway.

I'm not sure I understand your comment "...unlikely to get anything that sweet again.".  Early-stage explorers generally need to give MORE away to attract a re*****ble partner because of the prospective nature of a project.  Now being at a more advanced stage - with an attractive project that has been to a significant degree de-risked - would they not be able to negotiate a BETTER deal for themselves?  It seems logical to me but I would like to hear why you think they will only be able to cut a less attractive deal (relative to the original one).

-- MM