Not a Good Deal! Grandich Was Expecting Upwards of $150 Mil"ENAMCO has now agreed to pay Sunridge US$18.33 million (the “Purchase Price”), bearing interest, payable in stages prior to production for the purchase of the 30% participating interest." Peter Grandich was expecting in the range of $75 to $150 million and that's on the low side considering Nevsun received over $250 million...How on earth will Sunridge Gold get over $500 million to go into full-scale production? In my opinion this is a horrible deal for Sunridge Gold especially with the rising costs. The company requires over $500 million to go into full scale production. This must be some sort of joke maybe the shareholders could vote against it. Nevsun received over $250 million for Enamco's 30% stake and this was in 2011 when costs were lower. Enamco Buying 30% Stake in Bisha Mine "Nevsun Resources has agreed to sell a 30% interest in its Bisha mine in Eritrea to the Eritrean National Mining Corp. (Enamco) for $253.5 million. Payments will be made from after-tax cash flows generated by the mine, so Enamco’s interest will effectively pay for itself, without separate use of government funds." - Source - https://www.e-mj.com/index.php/news/africa/1321-enamco-buying-30-stake-in-bisha-mine.html