RE:RE:RE:RE:RE:Pre-production junior resource companies....... The NR say the future 17.5% buy in (called Tranche 2 Option in the corporate presentation) will be "based on" the DFS value. Doesn't say anywhere "FULL value". I was assuming a discount although have no idea the size. It's still a good deal but will it really be the full value of the DFS?
Buffalo1956 wrote: They paid $25M for a 7.5% interest of a joint venture that is just the PAK project, not the entire Electric Avenue and not in shares of FL . The next 17.5% portion will cost them 17.5% of the FULL value of the DFS , no matter what the stock price is . Ex: 17.5% of a $2B DFS is $350M regardless of stock price . Plus they still have to pay 25% of the total cost of the project and help arrange funding to completion . Have never heard of any management team from any junior resource company achieve a deal like this . Maybe all the naysayers are right and we should replace the current management team and the entire board .!!!!!!!!!!!!!!!!! Now we can all just sit back and watch how a real company is built .