RE:RE:RE:RE:RE:RE:RE:Dumount looking to unload for 1 billion As CEO of Royal Nickel, Selby JV'd 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. Then 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. So... Waterton acquired 100% of Dumont (from RNC *shareholders) for *less than $100 million* in 4 years and is now going to auction it off for up to $1 billion?! Am I missing something here? Again... Why did Mark Selby JV 50% of Dumont to a *private equity* firm for just $30 million - a transaction that seemingly lead to private equity firm acquiring 100% in just 4 years for no where near market value. Something stinks IMO. https://www.mining.com/web/waterton-seeks-up-to-1-billion-for-dumont-nickel-mine/