RE:RE:RE:RE:RE:RE:Dumount looking to unload for 1 billion "Dumont was always rumoured to be a flip for Waterton"... Hummm. Serious question... Why did Selby JV a 50% interest in Dumont to Waterton in Mar 2017 for $30M? *Bankable* feasibility on Dumont in 2013 (pre-Selby) indicated $1.1B NPV and 15% IRR for Dumont. https://www.prnewswire.com/news-releases/royal-nickel-files-dumont-nickel-project-bankable-feasibility-study-technical-report-512750671.html To me it would not seem RNC Minerals *shareholders* benefitted from the 2017 $30M 50% Dumont JV with Waterton. RNC/Selby withdrew $10M cash from the JV a year later to dilute interest to just 28% and RNC Minerals (now KRR.v) sold this 28% to Waterton in 2020 for just 'up to' $48 million depending what Waterton can get for it. So... Seems RNC shareholders got just $100 million for Dumont over a three year period. That's it. Again... Why did Selby sell half of Dumont in 2017 for just $30M?! https://www.mining.com/web/waterton-seeks-up-to-1-billion-for-dumont-nickel-mine/