MRE guesstimate, page-16

Hi dogsy. I'm a bit confused by your question, as from your posting history you seem to be aware that DCX has 17.5% ownership of a number Greater Duchess tenements (dating back to the agreement in March 2019).

In any case, the facts are that in relation to this agreement there appears to be an open dispute as to whether DCX has right to 17.5% ownership on expired mining leases ML 5400 and ML 90015 (which includes the Lady Fanny discovery). Why DCX took over a year and a half after the Lady Fanny discovery announcement to raise this matter is beyond me - as in that period CNB had clearly been stating their claim to 100% ownership over these expired mining leases. Even if DCX was successful in this dispute, I think it would only have a marginal impact on CNB (its value and resources). To be honest, with DCX having a market cap of only 6.6m, CNB has the means to clean up this situation pretty quickly if it wanted to.

I cannot comment on what this means re financial institutions. Though I have not seen this raised as an issue on this forum since buying in 3 years ago.

Cheers,
Dingo.