Karp and Co have control in all decisions so it will pass if they want it to.
As to why Karp and Co would be attracted to the mineral sands project, you're looking at ~500-1000M US in revenue with $100M in costs per year. Those numbers look good to anyone and if true would be extremely easy to get financing for. The "dream" is an easy sell, the reality is another thing.
Also we are mainly silver bugs here so pivoting to iron or whatever is a shock to us. However it does mean they could develop their main cobar claims if they are making that kind of money and turn into a large precious metals player in Australia.
MKR Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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