Just thinkingThe strategic partnership with Horschild could not have come at a better time. Karl lucked out that they weren't negotiating the deal during this uncertain time in the markets. We would probably have only got 30 cents but instead EXM got 40 cents per share. Now we are debt free on the Moris Mine (based on the PP), we get to earn in 30% of what is produced and we are in stronger hands with Horschild owning 18% of EXM shares plus we have access to 1.5 mil in line of credit with HOC rather than having to raise that ourselves in a PP.
My numbers may not be 100% correct but you get my drift.
RJ