Let's not forget about the Heliostar Deal.With gold now over $2000 anyone shorting ARNGF should not forget about the Heliostar Deal. Slide 33 and 45
https://assets-global.website-files.com/60953869f570353f68d5ff0d/65653e11b5d6e860db2aef9c_20231127_Heliostar%20Corporate%20Presentation.pdf
If Heliostar is able to get the San Antonio MIA during the
time period of the option agreement, then Heliostar has an
additional 18 month period to purchase the San Antonio
project by:
• Paying $80M USD (up to half in shares) if the average
gold price is below $1,800 for the six months
preceding Heliostar exercising the option, or
• Paying $120M USD (up to half in shares) if the average
gold price is above $1,800 but below $2,000 for the
six months preceding Heliostar exercising the option,
or
• Paying $150M USD (up to half in shares) if the average
gold price is above $2,000 for the six months
preceding Heliostar exercising the option, and
• 2% NSR (subject to no other NSR burden on the
claims