There is not much chance that MIN will let this opportunity pass. My experience with Chris Ellison is that he will make one offer with which he hopes to frighten others away. They are the natural owners and own Mt Marion to the north and the lithium rights to the PNR leases just to the south of Norseman and so, just to the south of Pioneer Dome. Have a look at the deal they did with PNR (and TUL) to get a 50% interest in those leases. It is the most generous JV deal I have seen.
We should have a mining lease next month and we also should have results of first pass investigation of 40 prospects identified from the structural analysis. These are, or should be, value enhancing. It is likely that the real frenzy will not start before these announcements.
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