Not so sure about this JV.
We're talking $30k which should by all means be pocket money for a company IMO however looking at the current cash flow situation of MNM it could be that there are a few bills piling up from the contractor (Avanti) who have provided contract management services to Mantle for the Norton Gold Mine since acquisition according to today's announcement.
Anyway a lot depends on the coming CR as MNM states it is only a goer if funds come in as stated today in the other announcement "aims to restart operations in 2015 pending the availability of sufficient financing".
IMO it is also a bit strange that management want to get funds for a project which has not a JORC as I thought one needs a JORC for a BFS which would give potential investors an idea of possible profit margins.
sitting back and watching
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