RE:Interesting...I agree with your points... certainly juniors are in a weak negotiating position these days. We are in a UUU bull market and don't move up... so rather than constantly diluting this is a great way to go. YOu end up with 20% fully carried... pretty good for a tiny junior.
It also shows that this is not just another junior promoting a hole in the ground, a large company is ready to pour bug money in and get it done, and the bull market could make that 20% in production very valuable. The market cap is like $20m Cdn now.... the whole project could be worth a lot more than 100m.
The company has no mining experience it seems... a concern but they are big and also know the country, so should know what they are doing and will hire the right people. i am not sure companies with no experience want to start doing business in Argentina... so their partners options are more limited.
I think it's great news as otherwise we just muddle along raising money and spending it and hoping. Hopefully they can get it completed and signed off.