Presentation on the deal. https://www.premiergoldmines.com/i/pdf/PG-CG-JV-Feb2015.pdf
Worth a read.
The presentation says: "Additional payment to Premier, contingent on the results of an updated mineral resource estimate at Hardrock, of up to $30 million."
The press release says
| "additional contingent capital contribution to the partnership not to exceed C$30 million based on the results of the updated mineral resource" |
The difference is important. I based my$385 million on the press release version. If the presentation is accurate, then (assuming the full $30 million is paid) Hardrock is being valued at $415 million. And an additional $30 million in Premier's bank account will make advancing hte other properties that much easier.