RE: Block 111
It is a JV ...i believe that it was under the direction of UMN that WRI extended Blocks 1,2 and 3
..UMN is bankrolling the JV ..their recent PP (approx $266 m) is the largest PP to date for a Uranium company
..UMN is an aggressive company...they are now looking for a project manager to oversee the JV in the labrador trough
...both WRI/UMN will benefit from the JV discoveries according to the terms of the agreement
...however it is also a possibility that even though WRI is the junior partner their sp could possibly be valued higher than UMN in the future(imo)
...MaxT