RE:Some thoughts on NEWMONT announcementGood post Rudy !
I think deal was set up months ago with Sumitomo to come in and due their diligence, but would not
waste their time unless they had an agreement with Newmont that was binding and Sumo activated it. Incredibly bad luck for Newmont as the deal was based on BC and this was just before Karatha discovery - Horrible timing !
It serves Newmont right as they were who hired QH and his thesis was sound on possible explanation of origin of gold at wits - which didn't fit any other model / theory. If they had just done a little research like most of use have and decided it made sense, they should have immediately turned him loose to find it - Considering it COULD be the biggest find in HISTORY and was well worth the risk!
Now if if they want back in they will have to pay.
I am thrilled that this is QH's company and now HE and we will Reap the Rewards if he is correct !
Also I don't think there is a chance in HELL he wants to sell the company at almost any price until he knows for sure this is Witt2 . Puts him in rarified air to discover biggest find in history AND NOT by Fluke !
CH