RE: Shaping Up Nicely"I am confused as to why many posters believe that RF will renegotiate the JV thus bringing down IVN's 80% of the deep stuff?"
My reasoning on this runs like this.
The richer part of Hugo seems to be emeging north of IVN property.
It will be difficult for IVN to locate a mine (ie finance and develop)on inferior ore bodies if better ones are contiguous.
Without deep pockets, IVN cannot develop OT.
Just as ETG could not afford to drill its property, IVN cannot afford to mine its.
So my speculation is that a deep pocket partner for ETG, I suspected BHP, but RT works, might suggest that if RF wants to see ore get to market, it might be a good idea to arrange more equitable terms in order to make the JV mine attractive enough to a bona fide player to go ahead with the project.
The ore is not particularly valuable languishing in the ground for the heirs to monetize.
If a renegotiation of the JV terms would make a mine, I think that would make sense to RF.