intersects massive sulphides at top rise, page-79

retired, it's a comment on how it was done, not the sp now.

non pro-rata spp's mean the big shareholders don't want to play, and mgt is trying to raise money from smaller, less influential, arguably less informed, shareholders

I don't know what TUR cost Border in total, but doubt they spent more than $1m on it before setting the deal with CZN.

imo, the price paid by the smaller CZN shareholder, for the risk taken it was shitty deal.

ie smaller less informed shareholders [because the bigger ones passed] are taking the lion's share of the risk [paying for the heavy lifting exploration] but getting a much much smaller share of the upside

now, that might all work out fine, because of exploration success. but it doesn't change the very expensive risk/reward profile that Border set up with CZN

and... while I've still got my CZN, I'd much prefer an RDM or EAR type situation where you know they're 100% on your side. the upside in the situations is very different.