It's all risk management right now. A farm-in partner is needed on the event of a duster. If we go at it alone and it's a duster then IVZ is dead in the water with share dilution, no money and no resource
As much as I'd love to go at it alone, it's not the smartest long-term play. The hope is that a revised deal with Cluff or someone new makes sure we retain a strong % of the resource.
Ann: 7-Fold increase in Permit & Sovereign Wealth Fund Agreement, page-181
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