RE: GOLDCORP!They way the company is presenting it, this seems like a good deal.
From the latest presentation:
https://www.quaterraresources.com/uploads/investors-presentations/presentation_10_01_19.pdf
Quaterra-Goldcorp strategic alliance
• Three-year agreement where Goldcorp provides US$10m over two years through two private placements for generative work by Quaterra along Peñasquito trend in central Mexico
• Agreement can be extended to four years if Goldcorp exercises all warrants
• Goldcorp has option to acquire 65% of any property by spending an additional US$2m over two years on advanced exploration and by completing a bankable feasibility study
• In generative phase, Quaterra will rely on exploration team that made the initial Peñasquito discovery
• In advanced phase, Goldcorp will bring development and mine-building expertise to the table
• At Quaterra’s option, Goldcorp will underwrite loan guarantees for mine construction