Ann: Update - Nyngan Scandium Joint Venture , page-5

Mr D,

The driver for going into a JV was to get a Feasibility Study (FS) "in a form customarily required by third party financiers" not the $1.3m. Receiving the $1.3m does not in any way compensate for not receiving the appropriate FS.
The desired outcome, as I perceive it, of giving away 50% of the orebody was to have JRV in a position to be able to finance further developement as required. The FS advances that cause more than the $1.3m does.

Statsman,

From the JRV announcement "EMC were warned, in writing, well in advance of the deadline that Jervois expected the document delivered by EMC to fully comply with the definition of feasibilty study contained within the Agreement".

Going by the feeling against DP evident in HC I am wary of
him, but in this instance I believe he is acting in the best interests of the SH and that is what I want him to do. In fact I think it is vital that he hangs tough on this issue.