Thanks BlueD,
I was kinda hoping that Gindara would be kept in the 'Shallows' area and not farmed down. Nido's maps show it on the border of the focus area. I would expect that they would have enough cash to pay for their 60% by Q3, however, I guess its a bit too risky to take on that much. I've revised my valuation of Gindara down to 57 cps if successful (11 cps risked) and Nido retaining 30% interest.
Regards,
opt
what's the downside risk?, page-5
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