In 2021wasc459s the court ruled that Superior Gold get to earn 50% of K2/PHB/K1 mines, whose mineral strike cover 2 or more marymia tenements, for a A$3mm CAPEX spend. WASC set up JV committee 50% control by SGI and 50% control by VAN+CYL. Recent WASC ruling handed SGI an additional 40% interest in all 52 marymia tenements, including the k2phbk1 tenements, which sgi already had 50% control interest. Do recent wasc ruling mean Superior now own 90% of k2phbk1? Or do math mean sgi interest a lesser amount than 90%?. Does Superior now also control the k2 jv committee set up by wasc and can run things like sgi want just like in bryah basin with alchemy or can van+cyl continue to be a c0ck blocker on the jv committee for Superior in marymia?
CYL Price at posting:
98.5¢ Sentiment: None Disclosure: Not Held
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