MY understanding is Patrick gets them to handover the title and then we exercise the option. I really can't see where the problem. This deal was originally between Patrick (raging bull mining) and Norton.
This has not changed. Why is it all of a sudden an issue?
PLease tell me how Norton can make a deal with somebody (CRB, RB) to get them to 100% spend to prove up a project and in turn earn get 100% ownership when conditions are satisfied. Then turn around and say we don't what to do that anymore those numbers you have produced are amazing!!!. I do believe this maybe slightly fraudulent?
The worst case, i believe, is Norton may want to renegotiate and either take over or offer funding for a stake. The trouble with TO is they are now chinese owned and FIRB is an issue. This in itself will be difficult i would think and they may just want keep there under 20% and get the free money.
I am sure GR have looked into this and found some comfort.
Ann: CARBINE INVESTOR PRESENTATION - MINING 2017 CONVENTION, page-22
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