TSXV:CAV.H - Post by User
Post by
VoodooQCon Aug 04, 2012 10:32pm
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Post# 20185539
NI43-101
NI43-101 Is anyone wonder why Mount Kellett has asked for an updated NI43-101 days before leaving if they knew they won't participate into the Stage II financing?! I suppose they knew they were leaving at that precise time.
We know almost of the time the updated NI43-101 upgrade the quantities of ore in the ground so increases the value of the propertie. Knowing they were leaving and that Koreans would take over 90% (or 60% if we get 300M$ financing by our own shareholders) why in the world MK would want the value increases. Consortium must take a decision by end of august if they will go with stage II financing and NI43-101 shouldn't be available before september...
Nonetheless interesting...
Anyone would comment?