Yes good point , be nice if Barrick or Persius is the new 20% holder getting 120K oz as potential mill feed for their mills for US $4.5M working out at $38 an oz and then hedge that forward for plus $1600 an oz would seem an open and shut case given the high grade, shallowness and probable met recoveries ,and that is without taking into account the prospectivity of the other leases.
Fortunately ERX is still the major partner and can determine control of the leases going forward , one option would be to swap the new lease holder's 20% interest for a share of the company
Yes good point , be nice if Barrick or Persius is the new 20%...
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