RE: From Sedar questionIt was interesting. Does anyone have a idea of what they mean by fast tracking. They have had the sample for over two years now. Please don't let them slow track them.
One more question from the following quote. It calls for conjecture but it is very germane to the overall revamped JV.
"Beers has spent approximately $2,000,000 under the Joint Venture Agreement.
The Diamond Trading Company (“DTC”) will be responsible to market Rhonda’s share of diamond production until all
exploration and construction expenses for the first diamond mine, excluding the $10,000,000 earn-in, have been repaid in full
in the manner provided in the Joint Venture Agreement. Once Rhonda’s share of the above mentioned expenses have been
repaid Rhonda will be entitled to take its share of diamond production in kind."
How much will a mine cost if the cost is between $600,000,000 and $1,000,000,000 at 30% that is $180,000,000 to $300,000,000.
How long will it take for Rhonda to earn that much money off of this deal if indeed it does go to the mine building stage. Would 15 years be out of order. A long time to wait to benefit from the two year delay.
My guess is You Myself and Management will not be around to enjoy the benefits of this two year delay..Any other opinions? Some of you in the exploration field should have some valuable knowledge.
As always these are just my opinion and in no way represent the opinions of the company.