GREY:STTYF - Post by User
Comment by
damagon Aug 13, 2013 6:07pm
376 Views
Post# 21667712
RE:Dnever H reply
RE:Dnever H reply sevencitiesofgold wrote: if they do indeed default on their agreement with Glencore Xstrata, Sandstorm has the ability to step in, cure the default and assume the entire 35% joint venture.
Interesting... so if Sandstorm decides to take over the join venture, we'd essentially be getting 4x the expected output (minus the cash calls)? Considering this project is already in production, I don't think it would make sense for Sandstorm to just let it go... Maybe this is actually a blessing in disguse for Sandstorm?