RE:RE:RE:RE:RE:Sonoro Annual MeetingSpot on Copper, preference would fully go to a complete corporate buyout (ideally after a signed JOA, but not holding my breath on that one since we haven't been able to agree on it in over 1yr now). The only reason I stated the second as an option is if we cannot find someone to fully buy us out, and that they only want to buyout the underlying asset of Selat.
The only reason I bring up the second option as something even at all plausible again is given that MIGAS recently reinstated the cost recovery PSC model, which can make Budong an appealing opportunity again as their is an ability to have recovery of expenses under this PSC model. Under the PSC profit-sharing model, Budong/development blocks are significantly less appealing then under cost recovery PSC which was reinstated this summer.