GREY:PGDIF - Post by User
Comment by
greex27on Oct 13, 2017 11:09am
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Post# 26809730
RE:RE:RE:RE:Close kept the 14 cent alive
RE:RE:RE:RE:Close kept the 14 cent aliveSchneps...A JV is the best way through to value the unknowns, it allows PGD to share some risk and share in the upside. You can imagine a partner isn't going to value the unknown the same way I expect PGD to value the unknown, a JV allows both parties to participate in the risk reward. What I suspect is that PGD is trying to value PGD somewhere around their share of the cost of the mine so they can put on the brakes and ride the train for free. That might mean they need to sell more than 50% but a free ride is likely the goal.