RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Bonterra Intersects 8.2 g/t Au over 8.2 mSidebet, I will address the OSK JV misleading information for you.
BTR completed its earn-in on the Duke property in July 2022 and became operator of the JV with a 70% interest. It had 90 days as operator of the JV on Duke to prepare a formal budget and present it to OSK, which it did for a program for a few million $'s in November 2022.
OSK, doesn't think much of BTR management, thought they could out smart them. They read the JV and realized that BTR would have to spend $50 million to dilute them down to below 5% at which time BTR would have to give them $1.5 million to buy them out. More importantly, they realized that every $10 million BTR paid, they were only diluted 5%. So yes, they declined the first year in hopes BTR wouldn't catch on and do ALL the work for a few small % points. BTR caught on an said fine, you won't pay, we won't do anything. (If BTR thought Duke had a tonne of value, they may have considered, but no cash I am sure made it an easy decision)
This year OSK knew that if they said no that BTR wouldn't do anything. BTR and OSK also share a road in which they share costs for road upkeep and snow removal (Between Gladiator and Windfall). BTR no longer really needed this road as Gladiator camp is shut down. OSK got them to agree to cover their share of the costs in return for OSK putting money into the DUke JV program. Long story short, its smoke in mirrors to make hard $ costs flow through eligible. BTR had a $10 million Flow through liability at the end of the year. They are doing everything to try and reduce that.