$?Bill in a ? Life mine, page-25714

I think Lundin, Teck/Newmont and CAP all have some some money and would love to get a JV. Hot Chili gets a share of the JV Company and JV partners vouch to commit funding (like with the Mitsubishi deal). Maybe get a small payment upfront (few Million) for our cash flow it the rest options with performance bench marks.

wont lead to massive influx of money but will add massive value to our NPV/fair value. How much? Who knows. If water is valued at 2 -3 bln usd I’d say 10-30% at this stage: 200 - 600 M. Maybe 30-50% at PFS: 600M to 1.5 bln. Then depends on what % HCH will retain: 25%? Adjust numbers accordingly.

Question is: does GC want to have so many big competitors deal directly with CE without having a majority say in the deal?

The recent option activation after DD done for Cometa is part of this chess game. It raises the stakes for a TO significantly.

Will GC sit idle while Newmont moves in?
Will GS add more with this news on the horizon? Or did they have prior info and raised their stake already.
will we see a return of Zijing mining like we saw in 2022?

Both GC and Newmont have the cloud to try to dominate this.