RWR Advisory Group comments on initial LOIPer the letter of intent, Sinomine is looking at financing PWM’s mining explorations, either through direct investment in the company or a joint venture. The letter also stipulates possible terms of a partnership between the two companies that would allow them to establish an operating committee, give Sinomine a place in PWM’s board of directors, offer the Chinese firm a right to participate in “future financing” undertaken by PWM, and give the Chinese company a right of refusal to match any unsolicited third party offers to acquire shares in PWM.