On more than one occasion, they have discussed a 3rd partner The plot thickens...
From a February 28, 2017 news release: [emphasis mine]
Corporate guidance: NuLegacy's stated objective of a sale or merger with a qualified producer (acknowledged construction/production capability) is being advanced by:
- Focusing on establishing a multi-million ounce near-surface oxide gold resource within the Iceberg's 90 to 110 million tonne exploration target grading 0.9 g/t to 1.1+ g/t. during the 2017-2018 drilling seasons. These figures are conceptual in nature.i
- Expanding the size of the gold endowment of the newly discovered Avocado gold deposit.
- Confirming and exploring for additional Carlin-style gold deposits on NuLegacy's 98 sq. km property in the Cortez Trend of Nevada, as well as adding to the acreage in the Cortez-trend.
- Enrolling a third industry partner to provide additional competitive tension; although NuLegacy has sufficient cash (C$15.0 million) to fund the next two years' work programs, management believes it would be good risk management to take advantage of an industry partner financing opportunity at higher prices to gain the financial independence required to achieve the stated objectives."
I still favor Barrick, but there are other possibilities. I am guessing, others may know.
https://www.nulegacygold.com/news/news-releases/2017-and-prior/2017/nulegacy-provides-2017-exploration-corporate-guidance/