Columbus Gold Corp CGTFF

RE:RE:RE:Take over when?

[ukermann]

Being that there's two parties involved, the time element was split in that Nord has 90 days from the JV/ BFS, followed by Columbus then getting 45 days from there to respond with what they'll do. So the dates to watch would be around June 15th, (Nord), then the end of July (Columbus). 
I'm sure Columbus has drills returned from the drilling that they decided to do on the perifery of the deposit. What was never clear to me is that property part of the JV? Is the whole Paul Isnard Gold project part of the JV? I'm beginning to think not, that Nordgold is just a partner in the Montagne D'or pit. The blurb on the Columbus web page states Nord was made a partner in SOME of the licences, thus it would make sense that management is holding back for Nord to show their hand, then be able to dress up the project as a whole with more drills outside the established pit. Make sense?? Here's the quote:

On September 2013, Columbus Gold entered into an option agreement with Nordgold (LSE: NORD). Under the agreement, Nordgold may earn a 55.01% interest in certain licences at the Paul Isnard Gold Project by completing a bankable feasibility study and by expending not less than US$30 million in 3 years in staged work expenditures, which includes a requirement for Nordgold to pay Columbus Gold $4.2 million in cash no later than May 21, 2014.