RE:RE:option on SNIPIf they have already all their shares of SKE (worth 3.4%OS or $24M for an initial investment of $6.7M) then the chance for Hochschild to spend $52.5M for 60% would be slim, unless there is n option for it to earn some quick profit by involving "triangle" deal, like the ES,KRR and MMX royalty deal. This was a frontdoor deal with full knowledge of all parties involved. In this case SKE would have the cash ($52.5 from Rochschild), Rochschild would get back 52.5M +some resonable profit)... and ES get the 60% of SNIP in SKE shares. This could be sort of a "backdoor" way to get the share from SKE, but with full knowledge/blessing of Walter (could be called a creative financing). Another option would be to have private transaction with some major holders with connection with Wilhelm, if ES has some kind of scheme in mind involving ESK, just a few km down the road, with similar and numerous VMS deposits like SKE (as Quinton H. has been saying).
GH11
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blue0987 wrote: GH11 .. Hochschild has already sold all their shares obtained from the 2018 flow through transaction - If option is exercised, Hochschild must then earn-in there 60% by investing into Snip over a 3 year time period 2.5x's the expenditures incurred by Skeena - Skeena, and Hochschild came together from board member(s) of each company having prior connections, doubtful any backdoor Hochschild transaction would occur without Skeena's full approval.