The 30% JV partner could have maintained their 30% share by stumping up 30% of the approx. $7.6m (Chile$4.3b).
Instead they lost 15% of the JV that owns 95% of El Zorro.
I have no idea what the court will decide, but if it gives them a second chance, maybe they would put up $2.5m to regain the 15%. Current market value of 85% is $45m, so 15% is worth about (15/85)*45 = $7.9m.
Ann: More wide gold zones intercepted at Ternera, page-15
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Mkt cap ! $37.28M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 4 | 1046000 | 2.3¢ |
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| Price($) | Vol. | No. |
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| 2.4¢ | 725930 | 1 |
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