Cosmo,
Our JV at Egina is 30% with Novo and 40% with Sumitomo, with Novo bearing all PIO costs till a "decision to mine". While I don't disagree that Novo is an excellent partner, the partnership with Sumitomo is much more important. I don't believe that Sumitomo has ever before been in a JV with junior explorers, certainly not one as junior as PIO. They smell something huge!
2020..year of Pioneer, page-20
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