You don't need me to say it, but you are 100% correct. The terms...

You don't need me to say it, but you are 100% correct. The terms are onerous where you issue all those vendor shares and also carry all of the exploration costs. No.
The SI6 director Mr Letcher needs to think this through if he wants to be a 34% vendor as well. Bit of double dipping there and the market is smart enough to see that, for a totally greenfield prospect(s) where the shares to be issued alone are $2m plus, at 1.3 cents, and will give the vendors up to 30% of SI6. No, no no. Will lead (as I have already said) to cash raisings and doubtless eventual consolidation.
Get something which does not leave a sour taste in S holders' mouths, with some value for money. bm has got this one right....lets hope the board are listening.

Have a better day.