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AEV Management, page-19

  1. 884 Posts.
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    Thanks Barry81

    Looking through their website, they seem to be project facilitators rather than investors.

    "I-Gold has the capability to participate in all facets of Project Development..."

    I could be wrong, but my guess would be that they are acting on someone else's behalf.

    The last time a big fish wanted to get involved, it was $A21B Indian miner NMDC limited.

    The terms from that 2011 JV MOU included:

    NMDC to acquire 50% equity in the Wonarah Project
    NMDC to arrange project finance
    Repayment by NMDC to the Company of certain project and other costs already incurred

    Further info here:
    Microsoft Word - 110601 MOU Signed_Development of Wonarah.docx (asx.com.au)

    I don't think we'd go down the NMDC path again, but I'd expect similar terms if another JV with a big fish was to eventuate.
    Last edited by dangerat: 31/10/21
 
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