100% correct, it's a significant investment to acquire New Standard although the terms negotiated are brilliant IMO...they WOULD NOT have taken the plunge and committed to it if they weren't happy with the preliminary results
These guys are not averse to pulling out of a deal if they're not completely convinced that it's in the best interests of the company...e.g. Mt Wells, Maranboy for tin in NT, La Fortuna Copper-Gold in Mexico and possibly others.
I have come to know Luke Martino, EVR Chairman, quite well and he WILL NOT take second best, he along with the other board members are very discerning. I am VERY BULLISH on this copper play!
Please DYOR and GLTAH.....
Ann: EV Exercises Option to Acquire New Standard Copper Project, page-15
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