In this announcement GT1 have effectively stated that in GT1's...

In this announcement GT1 have effectively stated that in GT1's opinion, Root's discounted future expected revenues (inclusive of any probabilities around going ahead) exceed C$133m and arguably C$167m (because GT1 will only get 80% of the benefit of lower royalties).

This is however different to the project NPV/share of net earnings that is anticipated from Root and creates the overall project value. It will be interesting to see ADV's next quarterly but it appears they need cash soon. I wouldn't be surprised if GT1 are in discussions to buy back the remaining 20% of Root/Wisa from ADV this would give ADV some needed cash and would "only" be selling out an interest in an early-stage project.

I'd still like GT1 to get the 20% re Seymour but that is likely to be harder to sell to ADV shareholders.