I wonder how much they think they can get for Paguanta. From memory (I'm too lazy to go back and look for the announcements) they paid $5 million up front and then spent several more millions in exploration. I reckon that anything less than $10 million is going to represent a capital loss. On the other hand anything above zero will represent a benefit in terms of ongoing costs.
I would hope to see terms along the following lines:
- at least $2 million up-front
- an additional sum based on mine development
- a royalty component
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