RE:Lesson learned from bordenhello bioTG
That brought back some memory...all the headache and heartache negotiating with those with the JV and the wedge properties.
Now, there are two oprtions for Dave: (i) QMX and (ii) the rest of AZX.
- QMX: PRB already has 11%, the rest would cost just over $10M (It's important for PRB to know the net cash and long-term debt of QMZ, presumably PRB knew all these).
- The rest of AZX: This could be a bit more expensive, but for about $20M could have over 2M oz Au without doing any drilling. This would get rid of the JV PRB has just struck with AZX.
If Dave exercised both options, for a total of just over $30M (cheap) PRB would have a huge spread of land from the new Beliveau property to ICG border. Let the merger game begin and have it all, including the Aubel Mill which would become handy for PRB deposits.
GH